Because most of the parts for its irrigation systems are standard, Waterways handles the majority of its manufacturing as a process 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.

Question 3 of 4 - / 1 vv . Units in process Stage of completion for materials Stage of completion for labor and overhead Costs in work in process inventory: Materials 24,200 80% 30% $169,120 Labor Overhead Total costs in beginning work in process 67,220 17,330 $253,670 60,100 57,500 Units started into production in January Units completed and transferred in January Costs added to production: Materials Labor 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 $261,243 287,716 61.030 $609,989 26,800 50% 10% Question 3 of 4 - 71 = Molding Department Production Report Equivalent Units Physical Units Conversion Costs Materials Quantities Units to be accounted for Work in process, Jan. 1 Started into production Total units Units accounted for Transferred out Work in process, Jan. 31 Total units Question 3 of 4 -/1 Conversion Costs Costs Materials $ $ Unit costs Costs in January Equivalent units Unit costs $ $ $ Costs to be accounted for Work in process, Jan. 1 Started into production $ Total costs $ Cost Reconciliation Schedule Costs accounted for Question 3 of 4 -/1 III Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, Jan. 31 $ Materials Conversion costs Total costs $ e Textbook and Media