The following information is available for the Molding department for January.

The following information is available for the Molding department for January. Work in process beginning: Units in process 24000 Stage of completion for materials 80% Stage of completion for labor and overhead 30% Costs in work in process inventory: Materials $168360 Labor 67564 Overhead 16892 Total costs in beginning work in process $252816 Units started into production in January 60000 Units completed and transferred in January 58000 Costs added to production: Materials $265450 Labor 289468 Overhead 60578 Total costs added into production in January $615496 Work in process ending: Units in process 26000 Stage of completion for materials 50% Stage of completion for labor and overhead 10% Instructions (a) Prepare a production cost report for Waterways using the weighted-average method. *(b) Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted- average.