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		20,400
Stage of completion for materials		80%
Stage of completion for labor and overhead		30%
Costs in work in process inventory:
Materials		$169,610
Labor		68,160
Overhead		17,450
Total costs in beginning work in process		$255,220
Units started into production in January		59,800
Units completed and transferred in January		58,400
Costs added to production:
Materials		$248,269
Labor		272,062
Overhead		60,330
Total costs added into production in January		$580,661
Work in process ending:
Units in process		21,800
Stage of completion for materials		50%
Stage of completion for labor and overhead		10%

Prepare a production cost report for Waterways using the weighted-average method (Round unit costs to 2 decimal places, eg. 2.25.) WATERWAYS CORPORATION Molding Department Production Report Equivalent Units Physical Units Conversion Costs Materials Quantities Units to be accounted for Work in process, Jan. 1 Started into production Total units Units accounted for Transferred out Work in process, Jan. 31 Total units Conversion Costs Materials Total 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