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 22,100 Stage of completion for materials 80% Stage of completion for conversion cost 30% Costs in work in process inventory: Materials $169,750 Labor 67,870 Overhead 17,290 Total costs in beginning work in process $254,910 Units started into production in January 59,800 Units completed and transferred in January 58.100 Costs added to production: Materials Labor Overhead Total costs added into production in January $277,550 302,412 59.980 $639,942 Work in process ending: Units in process 23,800 Stage of completion for materials 50% Stage of completion for conversion cost 10% Prepare a production cost report for Waterways using the weighted-average method. (Round unit costs to 2 decimal places, es 2.25) Quantities Units to be accounted for Work in process, Jan. 1 Started into production Total units Units accounted for Completed and transferred out Workin process, Jan 31 Total units Costs Unit costs Costs in January Equivalent units Unit costs Costs to be accounted for Workin WATERWAYS CORPORATION Molding Department Production Report Physical Units Materials Equivalent Units I Conversion Costs Conversion Materials Costs To Costs Unit costs Costs in January Equivalent units Unit costs Materials Conversion Costs Costs to be accounted for Work in process, Jan. 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Completed and transferred out Work in process, Jan 31 Materials Conversion costs Total costs $ To