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% 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 30% $167,050 Labor 67.710 Overhead 17,130 Total costs in beginning work in process $ 251.890 Question 3 of 4 -/25 E III 59,700 57,500 Units started into production in January Units completed and transferred in January Costs added to production Materials $281.174 Labor 297.988 Overhead 60.580 5.639.742 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 24,200 50% 10% Prepare a production cost report for Waterways using the weighted-werage method. (Round unit costs to 2 decimal places, es. 2.25) WATERWAYS CORPORATION arch o o o . OF Clear . Question 3 of 4 -/25 WATERWAYS CORPORATION Molding Department Production Report Equivalent Units Physical Units Conversion Costs Materials Quantities Units to be accounted for Workin process, Jan. 1 Started into production Total units Units accounted for Transferred out G - A o P 9 9 25 Work in process. Jan 31 Total units Conversion Costs Costs Materials Unit costs Costs in January $ Equivalent units Unit costs $ $ Costs to be accounted for Work in ocess $ catch o O c ED - 3 60'F Clear - Question 3 of 4 - /25 Started into production Total costs $ Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, Jan 31 Materials Conversion costs $ Total costs 60F Clear Costs accounted for Transferred out $ Work in process, Jan 31 Materials Conversion costs Total costs $ eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer o TE . 60F Clear