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 endup 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 process22,100Stage of completion for materials80%Stage of completion for labor and overhead30%Costs in work in process inventory:Materials$169,750Labor67,870Overhead17,290Total costs in beginning work in process

$254,910Units started into production in January59,800Units completed and transferred in January58,100Costs added to production:Materials$277,550Labor302,412Overhead59,980Total costs added into production in January$639,942Work in process ending:Units in process23,800Stage of completion for materials50%Stage of completion for labor and overhead10%

complete a production cost report for Waterways using the weighted-average method.

4:18 Of LTE learn.wileyplus.com Costs Unit costs Costs in January Equivalent units Unit costs Costs to be accounted for Work in process, Jan. 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, Jan. 31 Materials Conversion costs Total costs e Textbank and MAding