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 23,200 80% Stage of completion for conversion cost 30% Costs in work in process inventory: Materials $169,950 Labor Overhead 67,000 17,190 Total costs in beginning work in process $254,140 Units started into production in January 60,300 Units started into production in January 60,300 Units completed and transferred in January 57,700 Costs added to production: Materials Labor Overhead Total costs added into production in January $288,244 282.658 61,140 $632,042 Work in process ending: Units in process 25,800 Stage of completion for materials 50% Stage of completion for conversion cost 10% Molding Department Production Report For the Month of January Physical Units Materials 23200 60300 83500 Equivalent Units Conversion Costs 57700 57700 57700 57700 57700 57700 25800 12900 2580 83500 70600 Materials Conversion Costs 60280 Total 458194 $ 427988 $ 886182 70600 60280 6.49 7.10 13.59 $ 254140 632042 886182 784143 A 83721 18318 102039 $ 886182 784143 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 Materials Equivalent Units Conversion