Because most of the parts for its irrigation systems are standard, Waterways handles the majority of...

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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. Work in process beginning: Units in process Stage of completion for materials 20,100 80% Stage of completion for conversion cost 30% Costs in work in process Inventory: Materials $169,960 Labor 67,620 Overhead 17,300 Total costs in beginning work in process $254,880 Units started into production in January 60,300 Units completed and transferred in January Costs added to production: Materials Labor Overhead Total costs added into production in January 57,500 $257,530 290,427 61,120 $609,077 Work in process ending: Units in process 22,900 Stage of completion for materials 50% Stage of completion for conversion cost 10% Prepare a production cost report for Waterways using the weighted-average method. (Round unit costs to 2 decimal places, e.g. 2.25.) Quantities Units to be accounted for Work in process, Jan. 1 Started into production Total units Units accounted for Completed and WATERWAYS CORPORATION Molding Department Production Report Physical Units Materials Equivalent Units Conversion Costs anu transferred out Work in process, Jan. 31 Total units Costs Unit costs Total costs Equivalent units Unit costs Costs to be accounted for Work in process, Jan. 1 $ Materials $ Conversion Costs $ $ To Started into production Total costs Cost Reconciliation Schedule Costs accounted for Completed and transferred out Work in process, Jan 31 Materials Conversion costs Total costs F 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. Work in process beginning: Units in process Stage of completion for materials 20,100 80% Stage of completion for conversion cost 30% Costs in work in process Inventory: Materials $169,960 Labor 67,620 Overhead 17,300 Total costs in beginning work in process $254,880 Units started into production in January 60,300 Units completed and transferred in January Costs added to production: Materials Labor Overhead Total costs added into production in January 57,500 $257,530 290,427 61,120 $609,077 Work in process ending: Units in process 22,900 Stage of completion for materials 50% Stage of completion for conversion cost 10% Prepare a production cost report for Waterways using the weighted-average method. (Round unit costs to 2 decimal places, e.g. 2.25.) Quantities Units to be accounted for Work in process, Jan. 1 Started into production Total units Units accounted for Completed and WATERWAYS CORPORATION Molding Department Production Report Physical Units Materials Equivalent Units Conversion Costs anu transferred out Work in process, Jan. 31 Total units Costs Unit costs Total costs Equivalent units Unit costs Costs to be accounted for Work in process, Jan. 1 $ Materials $ Conversion Costs $ $ To Started into production Total costs Cost Reconciliation Schedule Costs accounted for Completed and transferred out Work in process, Jan 31 Materials Conversion costs Total costs F