Anchor Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for April is as follows: Work in process, beginning: Units in process 800 Stage of completion with respect to materials 60% Stage of completion with respect to conversion 10% Costs in the beginning inventory: Materials cost. $1.296 Conversion cost $2.416 Units started into production during the month Units completed and transferred out 16,000 16,500 Costs added to production during the month: Materials cost. Conversion cost. ... $47,076 S497,213 Work in process, ending: Units in process... Stage of completion with respect to materials Stage of completion with respect to conversion 300 60" 7096 Anchor Inc decided to use FIFO method instead to record the process. Prepare a production cost report worksheet using FIFO method. acct quiz.pdf QUIZ 2-WINTER....pdf MacBook Air