(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 Units completed and transferred out 20,000 gallons 136,000 gallons Units in process, July 31, 45% complete 16,000 gallons Costs: Work in process, July 1 $40,000 Costs added during July 301.760 Required: Prepare a production report. Aztec Inc. Mixing Department Production Report For the Month of July (FIFO Method) Units Unit Information Physical flow: Units to account for: Units in beginning WIP Units started 20,000 132,000 Total units to account for 152,000 Units to account for: Units 60,000 x Units started and completed From beginning WIP Units in ending WIP Units Total units to account for Equivalent units 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 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 Goods in ending work in process Total costs accounted for 26,000 X