MVP Company has two departments. Its first department (the Melting Department) shows the following data for the month of August: Work in process, beginning: Units in process 400 Stage of completion with respect to materials 60%Stage of completion with respect to conversion 85% Costs in the beginning inventory: Materials cost $170 Labour cost $160 Overhead cost $300 Units started into production during the month 1,100Units completed and transferred out 1,400Costs added to production during the month: Materials cost $1,300 Labour cost $800 Overhead cost $1,700Work in process, ending: Units in process ??? Stage of completion with respect to materials 70% Stage of completion with respect to conversion 80% Required: Using the weighted average method and FIFO method, prepare a production cost report for the company.