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 prepwes items for sale in its or individually The following information is available for the Molding department for January 20,400 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 $168,630 67,880 17,340 $259,850 60,100 57,900 Units started into production in January Units completed and transferred in January Couts 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 tabor and overhead $271,482 293,678 60,270 $625,430 22.600 son 105 WATERWAYS CORPORATION Molding Department Production Report For the Month of January Equivalent Units Physical Conversion Units Materials Costs Quantities Units to be accounted for Work in process, Jan. 1 20400 Started into production 60100 Total units 80500 Units accounted for Transferred out 57900 57900 57900 22600 Work in process, Jan. 31 11300 2260 Total units 80500 69200 60160 Conversion Costs Materials Total Costs Unit costs Costs in January 69200 60160 Equivalent units Unit costs Costs to be accounted for CALCULATOR Materials Conversion Costs Total Costs Unit costs X Costs in January Equivalent units 69200 60160 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 x Your answer is incorrect. Try again. Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted average. Physical Units Equivalent Units Materials Conversion Units accounted for Completed and transferred out X Work in process, Jan. 1 Started and completed in Jan. cita iddi bicida Work in process, Jan. 31 Total units