I don't understand the FIFO method of completing a Process Costing Production Report. I know it's a 4-step process like the weighted-average method, but we have not talked at all about the FIFO method.

Carbata Company manufactures low-cost, basic tool kits in bulk. Below is the latest information for last month's production.

Units Materials Cost Conversion Cost

Inventory on September 1 950 $ 5,550 $ 2,354

% Complete 60% 30%

Units Started 3,150

Costs Added in September $ 28,940 $ 8,156

Inventory on September 30 1,200

% Complete 80% 60%

Required: Use the information above to complete a Process Costing Production Report under the FIFO Assumption.