FIFO; Production Report Bebida Inc, produces soft drinks, Mixing is the first department and its output is measured in gallons. Bebida uses the FIFO method. All manufacturing costs are added uniformly. For August, the mixing department provided the following information: Production: Units in process, August 1, 80% complete Units completed and transferred out 24,000 gallons 132,000 gallons Units in process, August 31, 75% complete 16,000 gallons Costs: $20,000 Work in process, August 1 Costs added during August S301,000 Required: Prepare a production report. Round all intermediate calculations and per unit amounts to the nearest cent. Round final answers to the nearest dollar or unit (except for per unit amounts should be rounded to the nearest cent). Note: "Total costs to account for" and "Total costs accounted for" may be different due to rounding. Bebida Inc. Mixing Department Production Report For the Month of August (FIFO Method) Unit Information Required: Prepare a production report. Round all intermediate calculations and per unit amounts to the nearest cent. Round final answers to the nearest dollar or unit (except for per unit amounts should be rounded to the nearest cent) Note: "Total costs to account for" and "Total costs accounted for" may be different due to rounding. Bebida Inc. Mixing Department Production Report For the Month of August (FIFO Method) Unit Information Physical flow: Units Units to account for: Units in beginning WIP Units started Total units to account for Units accounted for: SLIDDDDD Units started and completed From beginning WIP Units in ending WIP Total units accounted for Equivalent units: Equivalent uns! Started and completed To complete beginning WIP Units in ending WIP Total equivalent units Cost Information Costs to account for: Dollars Costs in beginning WIP Costs added by department IDOID DON) Q ID Total costs to account for $ $ Cost per equivalent unit Costs accounted for: Total Transferred out: Units started and completed Units in beginning work in process: From prior period From current period Total cost transferred out Total equivalent units Cost Information Costs to account for: Dollars Costs in beginning WIP Costs added by department Total costs to account for Cost per equivalent unit Costs accounted for: Coin O li dibd[ Transferred out: Units started and completed Units in beginning work in process: From prior period From current period Total cost transferred out Goods in ending work in process Total costs accounted for Total equivalent units Cost Information Costs to account for: Dollars Costs in beginning WIP Costs added by department Total costs to account for Cost per equivalent unit Costs accounted for: Coin O li dibd[ Transferred out: Units started and completed Units in beginning work in process: From prior period From current period Total cost transferred out Goods in ending work in process Total costs accounted for
