Because most of the parts for its irrigation systems arestandard, 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 it, which prepares items for sale in kits or individually. January. Prepare a production cost report for Waterways using the weighted-average method. (Round unit costs to 2 decimal places, eg. 2.25) Costs Unitcosts ComversionCostsTotal Costs in January Equivalent units Unitcosts Costs to be accounted for: Workin process, Jan 1 Started into production Total costs 5 5 Cost Reconcliation Schedule Costs accounted for Transferredout Workin procest. jan. 31 Matenals Canversioncosts Total costs 5 eTwxtbook and Media