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 gallonsUnits completed and transferred out 142,000 gallonsUnits in process, July 31, 45% complete 16,000 gallonsCosts: Work in process, July 1 $36,000Costs added during July 318,320

Required:

Prepare a production report.

Aztec Inc. Mixing Department

Production Report

For the Month of July (FIFO Method)

Physical flow:Number of UnitsUnits to account for:UnitsUnits in beginning WIPfill in the blank 1Units startedfill in the blank 2Total units to account forfill in the blank 3Units to account for:UnitsUnits started and completedfill in the blank 4From beginning WIPfill in the blank 5Units in ending WIPfill in the blank 6Total units to account forfill in the blank 7Equivalent units:UnitsStarted and completedfill in the blank 8To complete beginning WIPfill in the blank 9Units in ending WIPfill in the blank 10Total equivalent unitsfill in the blank 11Costs to account for:DollarsCosts in beginning WIP$fill in the blank 12Costs added by departmentfill in the blank 13Total costs to account for$fill in the blank 14Cost per equivalent unit$fill in the blank 15Costs accounted for: TotalTransferred out: Units started and completed$fill in the blank 16Units in beginning work in process: From prior periodfill in the blank 17From current periodfill in the blank 18Total cost transferred out$fill in the blank 19Goods in ending work in processfill in the blank 20Total costs accounted for$fill in the blank 21