PART 417 points, 25 minutes) New Image Sports uses a process-costing system. For March, the company had the following activities: Beginning work-in-process inventory (1/3 complete) Units placed in production Good units completed Ending work-in-process inventory Cost of beginning work in process: Direct Materials Conversion Costs Direct material costs, current Conversion costs, current 6,000 units 24,000 units 22,000 units 8,000 units $ 3,000 $ 2,000 $18,000 $13,800 Direct materials are placed into production at the beginning of the process. Ending WIP is 50% completed as to conversion. Required: Prepare a production cost report using the FIFO method.