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

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Accounting

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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. Prepare a production cost report for Waterways using the weighted-average method. (Round unit costs to 2 decimal ploces, es. 2.25. Costs Unit costs Costs in January Equlvalent units Unit costs Costs to be accounted for Workin process, Jan. 1 Started into production Total costs Cost Reconcillation Schedule Costs accounted for Transferred out Workin process Jan. 31 Materials Conversion costs Total costs Materlais Conversion Costs 3 5 s 5 5 5 eTextbook and Media Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted-average

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