55 Because most of the parts for its irrigation systems are standard. Waterways handles the majority of its manufacturing, as apre cost system. There are multiple process departments. Three of these departments are the Molding, Cutting and Welding departments. All items eventually end up in the Packaging Department which prepares items for sale in kits or individually, The following information is available for the Molding department for January 24.200 Work in process beginning Units in process Stage of completion for materials Stage of completion for labor and overhead Costs in work in process inventory 80% 30% Materials $169.120 Labor 67.220 Overhead 17.330 Total costs in beginning work in process $253,670 60.100 Units started into production in January Units completed and transferred in January Costs added to production: 57.500 Total costs in beginning work in process $253,670 60,100 57,500 Units started into production in January Units completed and transferred in January Costs added to production: Materials $261.243 Labor 287.716 61,030 $609.989 Overhead Total costs added into production in January Work in process ending: Units in process Stage of completion for materials Stage of completion for labor and overhead 26,800 50% 10% WATERWAYS CORPORATION Molding Department Production Report Equivalent Units Physical Units Materials Conversion Costs Quantities Units to be accounted for Work in process, Jan. 1 Started into production Total units Units accounted for Transferred Units accounted for Transferred out Work in process, Jan 31 Total units Conversion Costs Costs Materials Total Unit costs $ Costs in January Equivalent units Unit costs $ Costs to be Costs to be accounted for s Work in process, Jan. 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, Jan. 31 Materials Reconciliation Schedule Costs accounted for Transferred out Work in process, Jan. 31 Materials Conversion costs Total costs Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted average. Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted-avera Equivalent Physical Units Materials Conversion Units accounted for Completed and transferred out Work in process, Jan. 1 Started and completed in Jan. Work in process. Jan. 31 Total units