How Does The Node.JS Crypto Module Produce A Key And An Initialization Vector When The Deprecated `crypto.createCipher` Function Is Used?

I have inherited a database where some fields were encrypted by legacy code.

The code used the (now deprecated) crypto.createCipher function that Node.js provided. This function expects to be passed a plaintext password, rather than a key and initialization vector. The documentation suggests that a key and IV are derived (somehow) from the provided password.

I have the password that was used, but would like to decrypt the data in another application, written in a language that uses a standard key/IV combination to initialize an AES cipher (Python 3).

Looking at the Node.js codebase, in cipher.js, it is not at all apparent to me how this is being done.

I see after writing this, that the question has a ruby-specific answer here that I could not find when searching. I have decided to create a more general-purpose question and answer here to increase its visability.

Node computes the key and value using the md5 hash function.

A 32-byte key is produced with the following algorithm (shown in pseudocode):

Let A = md5(password)
Let B = md5(concatenate(A, password))
Let Key = concatenate(A,B)

A 16 byte initialization vector is then produced with:

Let IV = md5(concatenate(key, password))