LALCULATOR MESSAGE MY INSTRUCTOR PULLSCREEN PRINTERIOR BACK NENT Waterways Problem 03 (Part Level Submission) 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 proces department. 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 its or individualy, The following Information is available for the Molding department for January Work in process beginning Units in process 21,000 Stage of completion for materials 80% Stage of completion for labor and overhead 30% Costs in work in process inventory Materials $167.110 Labor 66,960 Overhead 17,290 Total costs in beginning work in process $251,360 59,700 58,100 Units started into production in January Units completed and transferred in January Costs added to production Materials Labor Overhead Total costs added into production in January Work in process ending $282,602 283,286 61,020 $626,908 CALCULATOR MESSAGE MY INSTRUCTOR Materials Labor Overhead Total costs added into production in January Work in process ending: Units in process Stage of completion for materials Stage of completion for labor and overhead $282,602 283,286 61,020 $626,908 22,600 50% 10% (a) Prepare a production cost report for Waterways using the weighted average method. (Round unit costs to 2 decimal places, e.g. 2.25.) WATERWAYS CORPORATION Molding Department Production Report Physical Units Equivalent Units Conversion Materials Costs Quantities Units to be accounted for Work in process, Jan. 1 Started into production Total units Prepare a production cost report for waterways using the weighted average metod. (Roun WATERWAYS CORPORATION Molding Department Production Report Physical Units Equivalent Units Conversion Materials Costs Quantities Units to be accounted for Work in process, Jan. 1 Started into production Total units Units accounted for Transferred out Work in process, Jan. 31 Total units Conversion Costs Costs Materials Total Unit costs ES Total units Materials Conversion Costs Total Costs Unit costs ly Costs in January Equivalent units 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 MESSAGE 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 At
