UU report using FIFO. Answer requirement (b) in Problem 8-48 The Prepare a Production Cost Report and Adjust Inventory Balances Weighted-hverage Method (LO records o Fremont Corporation's initial and unaudited accounts show the following end- ginventory balances, which must be adjusted to actual costs: Units Unaudited Costs $793,152 120,000 Work-in-process inventory 337,560 Finished goods inventory 20,000