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10 Equwalent Units and Relabod Conts; Cost of Production Reports Entriet Dover Chemicat Combany manufactures specialty chemicals by a series of three processes, all matenals
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Equwalent Units and Relabod Conts; Cost of Production Reports Entriet Dover Chemicat Combany manufactures specialty chemicals by a series of three processes, all matenals being introduced in the osatilma Depertinert. From the Disbling Degartment, the materials pass through the feactoon and fiming departments, emerging as finiahed chemicait. The balance in the account Work in Procets - Filing was as follows on Kancary 1 The following costs were charged to Work in Process-Filing durivg January! Denect materias trantferred frem Rteaction Heduired: 1. Prepare a cost of production report for the Filing Departinent for lamuary. If an amount is 1eroy, eoter "or, If requised, round yaur cost ger ecuivalent unit aniners to the neage it cent. Requiredi the nearest cent. 2. Journalize the entries for (1) costs transferred fram fleaction te filing and {2) the cost fransteried from f wing to finiahed Coodt. If at arount box doet mot refur* an entry, leave it biarik. an entry weave it tiank pawwers to two decimbl places. 4. Fischis the ubes of the cont of graduction report ard the reuate of pert [1]. The coet of praduction report mey be used as the tasit for alocating moduct osta betamer Equwalent Units and Relabod Conts; Cost of Production Reports Entriet Dover Chemicat Combany manufactures specialty chemicals by a series of three processes, all matenals being introduced in the osatilma Depertinert. From the Disbling Degartment, the materials pass through the feactoon and fiming departments, emerging as finiahed chemicait. The balance in the account Work in Procets - Filing was as follows on Kancary 1 The following costs were charged to Work in Process-Filing durivg January! Denect materias trantferred frem Rteaction Heduired: 1. Prepare a cost of production report for the Filing Departinent for lamuary. If an amount is 1eroy, eoter "or, If requised, round yaur cost ger ecuivalent unit aniners to the neage it cent. Requiredi the nearest cent. 2. Journalize the entries for (1) costs transferred fram fleaction te filing and {2) the cost fransteried from f wing to finiahed Coodt. If at arount box doet mot refur* an entry, leave it biarik. an entry weave it tiank pawwers to two decimbl places. 4. Fischis the ubes of the cont of graduction report ard the reuate of pert [1]. The coet of praduction report mey be used as the tasit for alocating moduct osta betamer Step by Step Solution
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