Because most of the parts for its irrigation systems are standard, Northern Illinois Manufacturing handles the majority of its manufacturing as a process cost system. There are multiple process departments. Three of these departments are the Molding, Welding, and Assembly 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: 24,000 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 $172,460 68,900 141,300 $382,660 71,000 Units started into production in January Costs added to production: Materials Labor Overhead Total cots added into production in January $378,605 690,080 1,383,160 $2,451,845 Work in process ending Units in process Stage of completion for materials Stage of completion for labor and overhead 21,000 75% 20% Instructions: Prepare a production cost report for Northern Illinois Manufacturing using the weighted- average method and then show the journal entry for transferring the units from Molding to the Welding Department