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 22,000 80% 30% Work in process beginning Units in process Stage of completion for materials Stage of completion for labor and overhead Costs in work in process inventory: Materials Labor Overhead Total costs in beginning work in process $166,720 67.490 17,340 $251.550 60,500 58,100 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 labor and overhead $281,091 271,816 61,080 $613.987 24,400 50% 109 Prepare a production cost report for Waterways using the weighted average method. Round unit costs to 2 decimal places as 225) WATERWAYS CORPORATION Molding Department Production Report For the Month of January Equivalent Units Conversion Materials Costs Physical Units 22000 60500 82500 58100 58100 58100 24400 12200 24.00 82500 70300 50540 Materials Conversion Costs Total 281091 8420 365921 70000 60540 251550 61398 165537 0.33/1 Question 1 of 1 Materials Costs Total 281091 84830 365921 70300 60540 $ 6.37 251550 613987 865537 e Textbook and Media Attempts: 2 of 5 used Subel Awwer menant es Phanical Unit Convention Cinta Haas Quantities Units to be around for Work procesa Jant Started into production 0300 Total units 2500 58100 accounted for Transferred out Workin process. Jan 31 26400 12200 Total units 2500 2010 Conversion Costs Materials Cotts Unit costs Costi January Equivalent 30 . it costs Costs to be counted for Workin POCO Jan 1 Started into production 5 I Total costs Cost Reconciliation Schedule accounted for tut C