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 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-Filling was as follows on January 1: Work in Process-Filling Department (3,400 units, 60% completed): Direct materials (3,400 x $9.58) $32,572 7,956 $40,528 Conversion (3,400 x 60% x $3.90) The following costs were charged to Work in Process-Filing during January: Direct materials transferred from Reaction $496,850 101,560 95,166 Department: 52,300 units at $9.50 a unit Direct labor Factory overhead During January, 53,000 units of specialty chemicals were completed. Work in Process-Filling Department on January 31 was 2,700 units, 30% completed Required 1. Prepare a cost of production report for the Filling Department for January. If an amount is zero, enter "O". If required, round your cost per equivalent unit answers to the nearest cent. 1. Prepare a cost of production report for the Filling Department for January. If an amount is zero, enter "O". If required, round your cost per equivalent unit answers to the nearest cent. Dover Chemical Company Cost of Production Report-Filling Department For the Month Ended January 31 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: 3,400 52,300 55,700 Equivalent Units Whole Units Direct Materials Conversion 1,360 3,400 Inventory in process, January1 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned costs 49,60049,60049,600V 49,600| | 50,960| 53,000 2.700 V 810 2,700 55,70052,300 V 51,770 Costs per equivalent unit: Direct Materials Conversion 496,850 $196,726 Total costs for January in Filling Department | 51,770| 52,300 Total equivalent units Costs per equivalent unit: Direct Materials Conversion 496,850 V196,726 V 52,30051,770V Total costs for January in Filling Department Total equivalent units Cost per equivalent unit Costs charged to production: 9.50 3.80 Direct Materials Conversion Total 40,528 693,576 734,104 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 Cost of completed January 1 work in process Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total costs assigned by the Filling Department