Exercise 8-52 (Algo) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5, 6) 10 points 0204:59 02.04:59 WIP inventory-Refining Beginning inventory (17,500 units, 108 complete with respect to Refining costs) Transferred-in costs (from Mixing) Refining conversion costs current work (55,300 units started) Mixing costs Refining costs Beverly Plastics produces a part used in precision machining. The part is produced in two departments: Mixing and Refining. The raw material 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 operations in the Refining Department for September follow: The ending inventory has 14,300 units, which are 90