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 16,000 16,500 Units started into production during the month Units completed and transferred out 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% 70% Anchor Inc decided to use FIFO method instead to record the process. Prepare a production cost report worksheet using FIFO method