Question 1 of 1 10 E View Policies 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 thultiple 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 Work in process beginning Units in process 21.200 Stage of completion for materials 80% Stage of completion for labor and overhead 30% Costs in work in process inventory Materials $166780 Labor 68.150 Overhead 17.220 Total costs in beginning work in process 5252.200 60,400 58,200 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 Units in process Stage of completion for materials Stage of completion for labor and overhead $285473 278,100 60260 $623.893 22.400 SON 10 WATERWAYS CORPORATION Molding Department Production Report Equivalent Units Physical Units Conversion Costs Materials 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 Costs Materials Conversion Costs o Question 1 of 1 - / 10 Conversion Costs Costs Materials $ $ Unit costs 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 procession 31 Materials Conversion costs Total costs Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted average, Equivalent Units Physical Units Materials Conversion Units accounted for Completed and transferred out Work in process, Jan 1 Started and completed in Jan. Work in process, Jan. 31 Total units