Question
Hello I need help with the second half of my problem? Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials
Hello I need help with the second half of my problem?
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 ProcessFilling was as follows on January 1:
Work in ProcessFilling Department
(3,700 units, 70% completed):
Direct materials (3,700 x $18.4) $68,080
Conversion (3,700 x 70% x $12) 31,080
$99,160
The following costs were charged to Work in ProcessFilling during January:
Direct materials transferred from Reaction
Department: 47,700 units at $18.2 a unit $868,140
Direct labor 306,080
Factory overhead 294,080
During January, 47,300 units of specialty chemicals were completed. Work in ProcessFilling Department on January 31 was 4,100 units, 90% completed. I need help to figure costs assign to production as follows:
Inventory in process, January 1, Costs incurred in January, Total costs accounted for by the Filling Department, 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, Started and completed in January, Inventory in process, January 31, Total costs assigned by the Filling Department, Can you help me?Thanks
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