Question 7 Pharma Company produces various medicines in capsule form. At the beginning of the month of March, it had 5,000 units that were 40% complete. These were assigned costs of $150,000. During the month, it completed 55,000 units and has 20,000 units that are 50% completed. It had production costs during the month of $600,000. 1. Complete all five steps of a production report using the weighted average method. 2. Complete all five steps of a production report using the FIFO method