During February, the Assembly department received 60,000 units from Cutting department at a unit cost of $3.54. Costs added in the Assembly department were: materials, $84,370; conversion cost, $129,710. Of the 60,000 units received, 50,000 were transferred out; 9,000 units were in process at the end of the month (all materials, 1/2 converted).The entire loss is considered abnormal and is to be charged to factory overhead. Inspection is done at the beginning of the process.

Required:

1. What costing method should be used is it weighted average or FIFO?

2. Prepare a Cost Production Report