P4-16 Step-by-Step Production Report; FIFO Method (Appendix 4A) Reutter Company manufactures a single product and uses a process costing system. The company's product goes through two processes, etching and wiring. The following activity was recorded in the etching department during July: Preurred uniformily as the ceching takes place. The company uses the FIF O cost method. Prepare a production report for the ctehing department for July. Use the following three steps as a guide in preparing your report: 1. Prepare a quantity schedule and compute the equivalent units, 2. Compute the totid and unit coxts for July. 3. Using the diata from (1) and (2) ahere, prepare a cost reconciliation