Equivalent Units and Ruelated Costs; Cost of hroduction Mupary Entries 2eaction and filling departments, emerging as finished chemicals. The balance in the accoum Work in Precess-fising was as follows en lanuary i: The following calta were charged to Work in Precess-Piling during Jahuary: Direct materiais trandered from lieaction. During January, 62,700 unts of specialty chemicals were completed. Work in Process-Filing Department on lanuary 31 was 5,400 units, 90% completed. Requilredi Dover Chemical Company Cost of Production Report-Filling Department For the Month Ended January 31 Units Units charged to production: Inventory in process, January 1 Received from Reaction Department Total units accounted for by the Filing Department Costs charged to production: Inventory in process, January i Started and completed in January Transferred to Anished goods in January Inventory in process, January 31 Fotal units to be astigned costs 4. Discuss the uses of the cost of prosuction report and the results of part (3). The cost of production report may be uned as the basis for alocating prosuct costs between and The report can abo be used to control casts by helding each department head responsibie for the units entering production and the costs incarred in the department, Amy differences in unit product couts from one month to another, such as those in part (3), can be stusle carefuly and any significant defferences investigated