5 Hopkins Corporation manufactujres water skis through two processed 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 added at the beginning of both processes and conversion costs are added evenly throughout each process. The production and cost data for the molding department for March 2018 is presented below Molding Production Data Beginning work in process Units Started 42,500 2,500 Ending work in process Ending work in process is 40% complete Cost Data Direct Materials Direct Labor Manufacturing Overhead $595,000 96,000 232,000 $ 923,000 Prepare the Production Cost Report for the Molding Department for the month of March