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 Stage of completion for materials 20,400 80% Stage of completion for conversion cost 30% Costs in work in process inventory: Materials $169,610 Labor 68,160 Overhead 17,450 Total costs in beginning work in process $255,220 Units started into production in January 59,800 Units completed and transferred in January 58,400 Costs added to production: Materials Labor Overhead $248,269 272,062 60,330 $580,661 Total costs added into production in January Work in process ending: Units in process Stage of completion for materials 21,800 50% Stage of completion for conversion cost 10% Your answer is partially correct. Prepare a production cost report for Waterways using the weighted-average method. (Round unit costs to 2 decimal places, e.g. 2.25.)