Because most of the parts for its irrigation systems are standard, Northern Illinois Manufacturing handles the majority of its manufacturing as a process cost system. There are multiple process departments. Three of these departments are the Molding, Welding, and Assembly 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	24,000
Stage of completion for materials	80%
Stage of completion for labor and overhead	30%
Costs in work in process inventory:
Materials	$172,460
Labor	68,900
Overhead	141,300
Total costs in beginning work in process	$382,660
Units started into production in January	71,000
Costs added to production:
Materials	$378,605
Labor	690,080
Overhead	1,383,160
Total cots added into production in January	$2,451,845
Work in process ending
Units in process	21,000
Stage of completion for materials	75%
Stage of completion for labor and overhead	20%

Prepare a production cost report for Northern Illinois Manufacturing using the weighted-average method and then show the journal entry for transferring the units from Molding to the Welding Department.