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(Appendix 6A) FIFO; Production Report Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the

(Appendix 6A) FIFO; Production Report

Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following information:

Production:
Units in process, July 1, 60% complete 18,000 gallons
Units completed and transferred out 134,000 gallons
Units in process, July 31, 65% complete 24,000 gallons
Costs:
Work in process, July 1 $36,000
Costs added during July 402,520

Required:

Prepare a production report.

Aztec Inc. Mixing Department
Production Report
For the Month of July (FIFO Method)
Unit Information
Physical flow:
Units to account for: Units
Units in beginning WIP fill in the blank 1
Units started fill in the blank 2
Total units to account for fill in the blank 3
Units to account for:
Units
Units started and completed fill in the blank 4
From beginning WIP fill in the blank 5
Units in ending WIP fill in the blank 6
Total units to account for fill in the blank 7
Equivalent units: Units
Started and completed fill in the blank 8
To complete beginning WIP fill in the blank 9
Units in ending WIP fill in the blank 10
Total equivalent units fill in the blank 11
Cost Information
Costs to account for:
Dollars
Costs in beginning WIP $fill in the blank 12
Costs added by department fill in the blank 13
Total costs to account for $fill in the blank 14
Cost per equivalent unit $fill in the blank 15
Costs accounted for:
Total
Transferred out:
Units started and completed $fill in the blank 16
Units in beginning work in process:
From prior period fill in the blank 17
From current period fill in the blank 18
Total cost transferred out $fill in the blank 19
Goods in ending work in process fill in the blank 20
Total costs accounted for $fill in the blank 21

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