Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals.
The balance in the account Work in Process?Fi
P ) My Collection - Stations - Pc X CengageNOWv2 | Online teachin X Course Hero x + X -> C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . . Ch. 20, Quiz B ? 1. PE.20-03.ALGO Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling 2. PE.20-05.ALGO Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. 3. PE.20-06.ALGO The balance in the account Work in Process-Filling was as follows on January 1: 4. EX.20-05.ALGO Work in Process-Filling Department 5. EX.20-07.ALGO (4,100 units, 80% completed): Direct materials (4,100 x $16.40) $67,240 6. EX.20-19.ALGO Conversion (4,100 x 80% x $10.70) 35,096 7. PR.20-02.ALGO $102,336 The following costs were charged to Work in Process-Filling during January: 8. PR.20-03.ALGO Direct materials transferred from Reaction Department: 52,900 units at $16.20 a unit $856,980 Direct labor 280,670 Factory overhead 269,668 During January, 52,400 units of specialty chemicals were completed. Work in Process-Filling Department on January 31 was 4,600 units, 10% completed. Required: 1. Prepare a cost of production report for the Filling Department for January. If an amount is zero, enter "0". If required, round your cost nor AmIivalent unit win Animal planes Type here to search O 11:12 PM 78OF 8/6/2021 32P ) My Collection - Stations - P: X CengageNOWv2 | Online teachin X Course Hero x + X C & https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . . Ch. 20, Quiz B Dover Chemical Company Cost of Production Report-Filling Department For the Month Ended January 31 Unit Information Units charged to production: Inventory in process, January 1 Received from Reaction Department Total units accounted for by the Filling Department Units to be assigned costs: Equivalent Units Whole Direct Units Materials Conversion Inventory in process, January 1 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned costs Cost Information Costs per equivalent unit: Direct Materials Conversion 11:12 PM Type here to search O w X 78OF ~ 0 (( 4') 8/6/2021 32P ) My Collection - Stations - P: X CengageNOWv2 | Online teachin X Course Hero x + X C & https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . . Ch. 20, Quiz B Direct Materials Conversion Total costs for January in Filling Department $ Total equivalent units Cost per equivalent unit Costs charged to production: Direct Total Materials Conversion Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Filling Department Cost allocated to completed and partially completed units: Inventory in process, January 1 balance To complete inventory in process, January 1 0 Cost of completed January 1 work in process Started and completed in January Transferred to finished goods in January 0 0 Inventory in process, January 31 Total costs assigned by the Filling Department d from n to Filling - transferred from Filling to Finished Panda Type here to search O w 78OF ~ D (( 4 ) 11:12 PM 8/6/2021 32P ) My Collection - Stations - P: X CengageNOWv2 | Online teachin X Course Hero x + X C @ https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . . Ch. 20, Quiz B Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total costs assigned by the Filling Department 2. Journalize the entries for (1) costs transferred from Reaction to Filling and (2) the costs transferred from Filling to Finished Goods. (1) (2) 3. Determine the increase or decrease in the cost per equivalent unit from December to January for direct materials and conversion costs. If required, round your answers to two decimal places. Increase or Decrease Amount Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit 4. The cost of production report may be used as the basis for allocating product costs between and . The report can also be used to control costs by holding each department head responsible for the units entering production and the costs incurred in the department. Any differences in unit product costs from one month to another, such as those in part (3), can be studied carefully and any significant differences investigated. Type here to search O 11:12 PM 78OF 8/6/2021 32
