Current Attempt in Progress 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 23,000 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: 80% 30% Materials $ 169,100 Labor 67,890 Overhead 17,360 Total costs in beginning work in process $ 254,350 60,000 Units started into production in January Units completed and transferred in January 57,500 Units started into production in January 60,000 Units completed and transferred in January 57,500 Costs added to production: Materials $263,640 Labor 292,815 Overhead 60,300 Total costs added into production in January $ 616,755 Work in process ending: Units in process 25,500 Stage of completion for materials 50% Stage of completion for labor and overhead 10% Equivalent Units Physical Units Conversion Costs Quantities Materials Units to be accounted for 23,000 Work in process, Jan. 1 Started into production 60,000 Total units 83,000 Units accounted for Transferred out Work in process, Jan 31 II II Total units Costs Materials Conversion Costs Unit costs Costs in January $ $ $ Equivalent units In Unit costs $ $ Costs to be accounted for Work in process, Jan 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, Jan 31 Materials Conversion costs Total costs e Textbook and Media Save for Later Attempts: 1 of 5 used Submit