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 22,900 Stage of completion for materials 80% Stage of completion for labor and overhead 30% Costs in work in process inventory: Materials $167,320 Labor 67,830 Overhead 17,420 Total costs in beginning work in process $252,570 Units started into production in January 60,100 Units completed and transferred in January 58,100 Costs added to production: Materials $268,679 Labor 278,060 Overhead 60,820 Total costs added into production in January $607,559 Work in process ending: Units in process 24,900 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.

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 dearmers Three of these departments are the Making Cutting and Welding deurmer. All items eventually end up in the Packagre Department, which prepares Items for sale in kitser individually The following information is available for the Making department for January 22.900 80% SO Work in process beginning Units in process Stage of completion tar materials Stage of completion for labor and overhead Costs in werk in process inventory Materials Labor Occad Total costs in beginning work in process $167.320 67320 17,420 $252,570 Units started into production in January 60.100 Units completed and transferred in January 50.100 Costs added to production Materials $268,672 278.060 Overhead 00.820 Total costs added into production in January $607.559 Work in processencing Units in process 24.300 Stage of completion for materials SOM Stage of completion for labur and overhead 10% Prepare a production cost report for Waterways using the westtec-average method. Hound unit costs to 2 decimal places, .225 WATERWAYS CORPORATION Molding Department Production Report Equivalent Units Physical Units Materials Conversion Costs Quantities Units to be cured for Work in process Jan 1 Started into production Tatal units Units Accounted for Transferred out Work in process, Jan 31 Total units Conversion Ceres Materials Total Costs Units Costs in Janary Equivalent Unit costs $ $ $ $ 5 Costs to be accounted for Work in procesJan 1 Started to production Total costs Cost Reconciliation Schedule COSES Accounted for Transferred out Work in process, Jan 31 Materials Conversion coats Total costs