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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, 80% complete 120,000 gallonsUnits completed and transferred out 690,000 gallonsUnits in process, July 31, 75% complete 80,000 gallons
Costs:
Work in process, July 1 $ 120,000Costs added during July 1,471,500
Required:
Question 1: Show the production report.
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