Anchor Inc uses weighted average cost method in its process costing system. The followings are for production process in April 2021. Process at the beginning Units in process Stage of completion for materials Stage of completion for conversion 800 60% 10% Costs in the beginning inventory Materials costs Conversion costs Units started into production during the month Units completed and transferred to finishing department Costs added to production during the month Materials costs Conversion costs Ending work in process Units in process Stage of completion for materials Stage of completion for conversion Anchor decided to use FIFO method instead to record the process. Prepare a production cost report worksheet using FIFO method. $1296 $2416 16000 16.500 $47 076 $497 213 300 60% 70%