3 Harstand the Passion ats i SOLO Llits in process Nay 31: material 09 wwwpoveste Work in nos invente), July Materials $28.000 Conversion $12.000 Cost aktet during July Materials $480,000 Conversion $350,000 The company uses the FIFO method. Required: Prepare a cost of production report - FIFO method 3 Harstand the Passion ats i SOLO Llits in process Nay 31: material 09 wwwpoveste Work in nos invente), July Materials $28.000 Conversion $12.000 Cost aktet during July Materials $480,000 Conversion $350,000 The company uses the FIFO method. Required: Prepare a cost of production report - FIFO method