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.

Please prepare a production cost report using the weighted- average method.

Please show all calculations and how you got them.

Work in process beginning:
Units in process		33,000
Stage of completion for materials		80%
Stage of completion for labor and overhead		30%
Costs in work in process inventory:
Materials		$165,050
Labor		65,500
Overhead		13,100
Total costs in beginning work in process		$221,800
Units started into production in January		59,500
Units completed and transferred in January		52,500
Costs added to production:
Materials		$211,105
Labor		231,988
Overhead		65,580
Total costs added into production in January		$637,740
Work in process ending:
Units in process		27,500
Stage of completion for materials		60%
Stage of completion for labor and overhead		10%