Exercise 8-52 (Algo) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5, 6) Beverly Plostics produces a part used in precision machining. The part is produced in two deportments: Mixing ond Refining. The row moterial is introduced into the process in the Mixing Department. The cost of the material fluctuates significantly month to month based on market conditions. Information on costs and operotions in the Refining Department for September foliow: The ending inventory hos 14,300 units, which are 90 percent complete wth respect to Refining Department costs Required: a. Complete the production cost report using the FIFO method Note: Round "Cost per equivalent unit" to 2 decimal ploces. Exercise 8-52 (Algo) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5, 6) Beverly Plostics produces a part used in precision machining. The part is produced in two deportments: Mixing ond Refining. The row moterial is introduced into the process in the Mixing Department. The cost of the material fluctuates significantly month to month based on market conditions. Information on costs and operotions in the Refining Department for September foliow: The ending inventory hos 14,300 units, which are 90 percent complete wth respect to Refining Department costs Required: a. Complete the production cost report using the FIFO method Note: Round "Cost per equivalent unit" to 2 decimal ploces