Equivalent units and Related Castot Dover Chemical company manufactures specialty chemicals by a set of the processes, as being introduced in the Department the others the action departments, emerging as finished chemicals The balance in the account Work In Processing was follows on January 11 Work in Processing Department 04.100 units, 60% completed) Direct materials (4,100 x 5184) 175.440 Conversion (4,100 Lonx $11.9) 29,274 $104,714 The following costs were charged to work processing during my Direct materials transferred from eaction Department 52.000 units $18.1 unit 1957.490 Direct labor 310.00 Factory overed 1042 During January, 52.400 units of specially chemicals were completed. Work in Pring Deton 4,000 to Required: 1. Prepare a cost of production report for the Filing Department for any amount is entired, round your content were two decades Dover Chemical Company Cost of Production Report willing Department For the Month Ended January 31 Units charged to production Inventory in process, January Received from Reaction Department Total units accounted for by the Filing Department Units to be assigned Bolets whole lase Prine Required: 1. Prepare a cost of production report for the Filing Department for January. If an amount is zero, enter of required, round your cost per equivalent unit answers to two decimal places 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 Die Whole 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 Costa information Cost per equivalent unit Direct Materials Conversion Total costs for January in Filling Department Total equivalent units Cost per equivalent unit Costs assigned to production: Direct Materials Conversion Total Inventory in process, January 1 Direct Total los accounted for by the De Contacted to completed and partly completed Inventory in pro January 1 bulance To complete inventory in process, January Cost of completed January 1 work in process Started and completed in January Transferred to finished goods in January Inventory le process, January 31 Total costs assigned by the Piling Department 2. Journalize the entries for (1) costs transferred from Reaction to Find (2) the cost transferred from ito Finished Good (1) (2) 3. Determine the increase or decrease in the cost per equivalent unit from December to January for direct materials and conversion cost fred, round your answers to be decimal Increase or Decrease Amount Change in direct materials com per equivalent unit Change in conversion cost per equivalent unit 4. Discuss the use of the cost of production report and the results of part (3) The cost of production report may be used as the basis for allocating product costs between vand The report can also be used to control costs by holding each department head for the 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 can be studied carefully and any cant forces investigated Previous