Question

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 18,000 gallons
Units completed and transferred out 132,000 gallons
Units in process, July 31, 65% complete 20,000 gallons

Costs:
Work in process, July 1 $36,000
Costs added during July 389,180

Required: Prepare a production report. Aztec Inc.

Mixing Department Production Report For the Month of July (FIFO Method)
Unit Information Physical flow:

Units to account for:
Units Units in beginning WIP 18,000
Units started 20,000
Total units to account for 38,000
Units to account for:
Units started and completed 0
From beginning WIP 18,000
Units in ending WIP 20,000
Total units to account for 38,000
Equivalent units:
Units Started and completed 0
To complete beginning WIP 7,200
Units in ending WIP 13,000
Total equivalent units 20,200
Cost Information
Costs to account for:
Dollars Costs in beginning WIP $ 36,000
Costs added by department 389,180
Total costs to account for $ 425,180
Cost per equivalent unit $ 21.05
Costs accounted for:
Total Transferred out:
Units started and completed $
Units in beginning work in process:
From prior period 36,000
From current period
Total cost transferred out $
Goods in ending work in process
Total costs accounted for $

Answer 1

1)

2)

3)