Hello,

I need help/solution for this problem. This is for Managerial Accounting.

Thanks

2. Transferred to finished goods, $705,376 Chapter 18 Process Cost Systems 879 PR18.3B Equivalent units and related costs; cost of production report; OBJ, 2, 3,4 entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department, From the Distilling Depart ment, the materials pass through the Reaction and Filling departments, emerging as fin- ished chemicals. The balance in the account Work in Process Filling was as follows on January 1, 2016 Work in Process- Filling Departm (3,400 units, 60% completed): Direct materials 3,400 x $9.58) $32,572 Conversion 13,400 x60% x$3,90) 7,956 $40,528 The following costs were charged to Work in Process-Filling during January: Direct materials transferred from Reaction Department: 52,300 units at $9,50a unit $496,850 Direct labor 01,560 Factory overhead 95,166 During January, 53,000 units of specialty chemicals were completed. Work in Process Filling Department on January 31 was 2,700 units, 30% completed. nstructions 1. Prepare a cost of production report for the Fil ng Department for January. 2. Journalize the entries for costs transferred from Reaction to Filling and the costs trans- ferred from Filling to Finished Goods. 3. Determine the increase or decrease in the cost per equivalent unit from December to January for direct materials and conversion costs. 4, Discuss the uses of the cost of production report and the results of part (3)