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. Work in process beginning: Units in process 24,200 Stage of completion for materials 80% Stage of completion for conversion cost 30% Costs in work in process inventory: Materials $169,120 Labor 67,220 Overhead 17,330 Total costs in beginning work in process $253,670 Units started into production in January 60,100 Units completed and transferred in January 57,500 Costs added to production: Materials Labor Overhead Total costs added into production in January $261,243 287,716 61,030 $609,989 Work in process ending: Units in process 26,800 Stage of completion for materials 50% Stage of completion for conversion cost 10% Physical WATERWAYS CORPORATION Molding Department Production Report For the Month of January Units Materials 24200 60100 84300 Equivalent Units Conversion Costs 57500 57500 57500 26800 13400 2680 84300 70900 Conversion 60180 Materials Costs Total LA $ Materials LA 430363 70900 6.07 Conversion Costs LA LA 433296 60180 7.20 Total $ 863659 LA $ LA 1A 13.27 253670 609989 LA $ 863659 LA 763025 eTextbook and Media (b) LA 81338 19296 14 100634 863659 Attempts: unlimited Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted-average. Units accounted for Completed and transferred out Work in process, Jan. 1 Started and completed in Jan. Work in process, Jan. 31 Total units Physical Units Equivalent Units Materials Conversion