Question
Hello I'm stuck on this question, can you assist? Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced
Hello I'm stuck on this question, can you assist?
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.
1.Prepare cost of production report for the Filling Department for January.
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
Whole Direct 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
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