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

21,200

Stage of completion for materials

80%

Stage of completion for conversion cost

30%

Costs in work in process inventory:

Materials

$166,780

Labor

68,150

Overhead

17,270

Total costs in beginning work in process

$252,200

Units started into production in January

60,400

Units completed and transferred in January

58,200

Costs added to production:

Materials

$285,473

Labor

278,100

Overhead

60,260

Total costs added into production in January

$623,833

Work in process ending:

Units in process

23,400

Stage of completion for materials

50%

Stage of completion for conversion cost

10%

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		21,200
Stage of completion for materials		80%
Stage of completion for conversion cost		30%
Costs in work in process inventory:
Materials		$166,780
Labor		68,150
Overhead		17,270
Total costs in beginning work in process		$252,200
Units started into production in January		60,400
Units completed and transferred in January		58,200
Costs added to production:
Materials		$285,473
Labor		278,100
Overhead		60,260
Total costs added into production in January		$623,833
Work in process ending:
Units in process		23,400
Stage of completion for materials		50%
Stage of completion for conversion cost		10%

WATERWAYS CORPORATION Molding Department Production Report For the Month of January Equivalent Units Physical Units Conversion Costs Materials 21200 60400 81600 58200 58200 58200 23400 11700 2340 81600 69900 60540 Materials Conversion Costs Total 452253 226126,5 77530 69900 60540 noi $