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 22,500 Stage of completion for materials 80% Stage of completion for conversion cost 30% Costs in work in process inventory: Materials $168,920 Labor Overhead 66,970 17,310 Total costs in beginning work in process $253,200 Units started into production in January 59,500 Units completed and transferred in January 58,500 Costs added to production: Materials $270,845 Labor 287,465 Overhead 60,290 Total costs added into production in January $618,600 Work in process ending: Units in process Stage of completion for materials Stage of completion for conversion cost 23,500 50% 10% Quantities Units to be accounted for Physical Units Materials Work in 22500 process, Jan. 1 Started into 59500 production Total units 82000 Units accounted for Equivalent Units Conversion Costs Completed and 58500 58500 58500 transferred out Work in process, Jan. 23500 11750 2350 31 out Work in process, Jan. 23500 11750 2350 31 Total units 82000 70250 Costs Unit costs Conversion Materials Costs 60850 Materials 439765 70250 Conversion Costs 432035 60850 Total 871,800 $ 6.26 $ 7.10 $ 13.36 $ 253200 618600 $ 871800 +A $ 73555 16685 +A $ +A $ 781560 90240 871800 Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted-average. Equivalent Units Units accounted for Physical Units Completed and transferred out Jan. Work in process, Jan. 1 Started and completed in Work in process, Jan. 31 Total units 253200 58500 Bill Materials 100 Conversion