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 Packasine Deoartment which prepares items for sale in kits or individually. rlanuary. WATERWAYS CORPORATION Molding Department Production Report For the Month of Janiary Quantities Jnits to be accounted for Physical Units Conversion costs Work in process, Jan. 1 Started into production Total units Jnits accounted for Completed and transferred out Work in process, Jan. 31 Total units Total units LostsCostsMaterialsConversion Jnit costs Costs in January Equivalent units Unit costs Losts to be accounted for Equivalent units Unit costs \#osts to be accounted for Work in proces5, Jan. 1 Started into production Total costs Sost Reconcillation Schedule Eosts accounted for Completed and transferred out Work in process, Jan. 31 Materials Conversioncosts Total costs