1. Walters Corporation manufactures water skis through two processes: Molding and Packaging. In the Molding Department fiberglass is heated and shaped into the form of a ski. In the Packaging Department, the skis are placed in cartons and sent to the finished goods warehouse. Materials are entered at the beginning of both processes. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department for January 2019 are presented below. Production Data January Beginning work in process units -0- Units started into production 42,500 Ending work in process units 2,500 Percent complete ending inventory Cost Data Materials 40% $510,000 Labor