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. Alt items eventually end up in the Packaging Department which prepares items for sale in kits or individually. The following information is avallable for the Molding department for January: Units in process Stage of completion for materials Stage of completion for conversion cost Costs in work in process inventory: Materials Labor Overhead Total costs in beginning work in process Units started into production in January Units completed and transferred in January Costs added to production: Materials Labor Overhead Total costs added into production in January Work in process ending: Units in process Stage of completion for materials Stage of completion for conversion cost 21,200 80% 30% $166,780 68,150 17,270 $252,200 60.400 58,200 $285,473 278,100 60,260 $623,833 23,400 50% 10% Costs Materials Costs Ts Unit costs Costs in January $ 423780 Equivalent units Unit costs Costs to be accounted for Work in process, Jan. 1 Started into production Total costs Cost Reconcillation Schedule Costs accounted for Completed and transferred out Work in process, Jan. 31 Materials Conversion costs \( 5 \longdiv { 7 5 6 9 ? } \) $ 60540 s 7 $ s s \$ 623833 s 876033 s 783954 \( 5 \longdiv { 7 5 6 9 9 } \) s 876033 Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted-average. Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted-average