Need help on how to work this problem 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 ProcessFilling was as follows on January 1 Work in ProcessFilling Department (3,400 units, 60 completed) Direct materials (3,400 x $9 58) $32,572 Conversion (3,400 x 60 x $3 90) 7,956 $40,528 The following costs were charged to Work in ProcessFilling during January Direct materials transferred from Reaction Department 52,300 units at $9 50 a unit $496,850 Direct labor 101,560 Factory overhead 95,166 During January, 53,000 units of specialty chemicals were completed Work in ProcessFilling Department on January 31 was 2,700 units, 30 completed Required Question Content Area 1 Prepare a cost of production report for the Filling Department for January If an amount is zero, enter 0 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 Unit Information Units charged to production Inventory in process, January 1 fill in the blank 36f3dd08efc6fb1 1 Received from Reaction Department fill in the blank 36f3dd08efc6fb1 2 Total units accounted for by the Filling Department fill in the blank 36f3dd08efc6fb1 3 Units to be assigned costs Equivalent Units Whole Units Direct Materials Conversion Inventory in process, January 1 fill in the blank 36f3dd08efc6fb1 4 fill in the blank 36f3dd08efc6fb1 5 fill in the blank 36f3dd08efc6fb1 6 Started and completed in January fill in the blank 36f3dd08efc6fb1 7 fill in the blank 36f3dd08efc6fb1 8 fill in the blank 36f3dd08efc6fb1 9 Transferred to finished goods in January fill in the blank 36f3dd08efc6fb1 10 fill in the blank 36f3dd08efc6fb1 11 fill in the blank 36f3dd08efc6fb1 12 Inventory in process, January 31 fill in the blank 36f3dd08efc6fb1 13 fill in the blank 36f3dd08efc6fb1 14 fill in the blank 36f3dd08efc6fb1 15 Total units to be assigned costs fill in the blank 36f3dd08efc6fb1 16 fill in the blank 36f3dd08efc6fb1 17 fill in the blank 36f3dd08efc6fb1 18 Cost Information Cost per equivalent unit Direct Materials Conversion Total costs for January in Filling Department $fill in the blank 36f3dd08efc6fb1 19 $fill in the blank 36f3dd08efc6fb1 20 Total equivalent units fill in the blank 36f3dd08efc6fb1 21 fill in the blank 36f3dd08efc6fb1 22 Cost per equivalent unit $fill in the blank 36f3dd08efc6fb1 23 $fill in the blank 36f3dd08efc6fb1 24 Costs assigned to production Direct Materials Conversion Total Inventory in process, January 1 $fill in the blank 36f3dd08efc6fb1 25 Costs incurred in January fill in the blank 36f3dd08efc6fb1 26 Total costs accounted for by the Filling Department $fill in the blank 36f3dd08efc6fb1 27 Costs allocated to completed and partially completed units Inventory in process, January 1 balance $fill in the blank 36f3dd08efc6fb1 28 To complete inventory in process, January 1 $fill in the blank 36f3dd08efc6fb1 29 $fill in the blank 36f3dd08efc6fb1 30 fill in the blank 36f3dd08efc6fb1 31 Cost of completed January 1 work in process $fill in the blank 36f3dd08efc6fb1 32 Started and completed in January fill in the blank 36f3dd08efc6fb1 33 fill in the blank 36f3dd08efc6fb1 34 fill in the blank 36f3dd08efc6fb1 35 Transferred to finished goods in January $fill in the blank 36f3dd08efc6fb1 36 Inventory in process, January 31 fill in the blank 36f3dd08efc6fb1 37 fill in the blank 36f3dd08efc6fb1 38 fill in the blank 36f3dd08efc6fb1 39 Total costs assigned by the Filling Department $fill in the blank 36f3dd08efc6fb1 40 Feedback Area Feedback 1 Calculate equivalent units for materials and conversion costs Calculate the cost per equivalent unit for materials and conversion costs Calculate the costs assigned to the beginning inventory, the units started and completed, and the ending inventory Question Content Area 2 Journalize the entries for (1) costs transferred from Reaction to Filling and (2) the costs transferred from Filling to Finished Goods If an amount box does not require an entry, leave it blank (1) Accounts PayableFactory Overhead Filling DepartmentFactory Overhead Reaction DepartmentMaterialsWork in Process Filling DepartmentWork in Process Reaction Department Select Select Accounts PayableFactory Overhead Filling DepartmentFactory Overhead Reaction DepartmentFinished GoodsMaterialsWork in Process Reaction Department Select Select (2) Cost of Goods SoldFactory Overhead Filling DepartmentFactory Overhead Reaction DepartmentFinished GoodsMaterialsWork in Process Reaction Department Select Select Accounts PayableFactory Overhead Filling DepartmentFactory Overhead Reaction DepartmentFinished GoodsMaterialsWork in Process Filling Department Select Select Feedback Area Feedback 2 Remember that there are three types of inventory materials, work in process, and finished goods What costs are captured in the work in process account Are these units 100 complete or are they being transferred to another department Question Content Area 3 Determine the increase or decrease in the cost per equivalent unit from December to January for direct materials and conversion costs If required, round your answers to two decimal places Increase or Decrease Amount Change in direct materials cost per equivalent unit DecreaseIncrease $fill in the blank d842890d707d037 2 Change in conversion cost per equivalent unit DecreaseIncrease $fill in the blank d842890d707d037 4 4 Discuss the uses of the cost of production report and the results of part (3) The cost of production report may be used as the basis for allocating product costs between Direct MaterialsWork in Process and Cost of Goods SoldFinished Goods The report can also be used to control costs by holding each department head responsible for the units entering production and the costs incurred in the department Any differences in unit product costs from one month to another, such as those in part (3), can be studied carefully and any significant differences investigated

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Need help on how to work this problem. Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by

Need help on how to work this problem.

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 ProcessFilling was as follows on January 1:

Work in ProcessFilling Department
(3,400 units, 60% completed):
	Direct materials (3,400 x $9.58)	$32,572
	Conversion (3,400 x 60% x $3.90)	7,956
		$40,528

The following costs were charged to Work in ProcessFilling during January:

Direct materials transferred from Reaction
	Department: 52,300 units at $9.50 a unit	$496,850
Direct labor		101,560
Factory overhead		95,166

During January, 53,000 units of specialty chemicals were completed. Work in ProcessFilling Department on January 31 was 2,700 units, 30% completed.

Required:

Question Content Area

1. Prepare a cost of production report for the Filling Department for January. If an amount is zero, enter "0". 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
Unit Information
Units charged to production:
Inventory in process, January 1			fill in the blank 36f3dd08efc6fb1_1
Received from Reaction Department			fill in the blank 36f3dd08efc6fb1_2
Total units accounted for by the Filling Department			fill in the blank 36f3dd08efc6fb1_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials	Conversion
Inventory in process, January 1	fill in the blank 36f3dd08efc6fb1_4	fill in the blank 36f3dd08efc6fb1_5	fill in the blank 36f3dd08efc6fb1_6
Started and completed in January	fill in the blank 36f3dd08efc6fb1_7	fill in the blank 36f3dd08efc6fb1_8	fill in the blank 36f3dd08efc6fb1_9
Transferred to finished goods in January	fill in the blank 36f3dd08efc6fb1_10	fill in the blank 36f3dd08efc6fb1_11	fill in the blank 36f3dd08efc6fb1_12
Inventory in process, January 31	fill in the blank 36f3dd08efc6fb1_13	fill in the blank 36f3dd08efc6fb1_14	fill in the blank 36f3dd08efc6fb1_15
Total units to be assigned costs	fill in the blank 36f3dd08efc6fb1_16	fill in the blank 36f3dd08efc6fb1_17	fill in the blank 36f3dd08efc6fb1_18
Cost Information
Cost per equivalent unit:
		Direct Materials	Conversion
Total costs for January in Filling Department		$fill in the blank 36f3dd08efc6fb1_19	$fill in the blank 36f3dd08efc6fb1_20
Total equivalent units		fill in the blank 36f3dd08efc6fb1_21	fill in the blank 36f3dd08efc6fb1_22
Cost per equivalent unit		$fill in the blank 36f3dd08efc6fb1_23	$fill in the blank 36f3dd08efc6fb1_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, January 1			$fill in the blank 36f3dd08efc6fb1_25
Costs incurred in January			fill in the blank 36f3dd08efc6fb1_26
Total costs accounted for by the Filling Department			$fill in the blank 36f3dd08efc6fb1_27
Costs allocated to completed and partially completed units:
Inventory in process, January 1 balance			$fill in the blank 36f3dd08efc6fb1_28
To complete inventory in process, January 1	$fill in the blank 36f3dd08efc6fb1_29	$fill in the blank 36f3dd08efc6fb1_30	fill in the blank 36f3dd08efc6fb1_31
Cost of completed January 1 work in process			$fill in the blank 36f3dd08efc6fb1_32
Started and completed in January	fill in the blank 36f3dd08efc6fb1_33	fill in the blank 36f3dd08efc6fb1_34	fill in the blank 36f3dd08efc6fb1_35
Transferred to finished goods in January			$fill in the blank 36f3dd08efc6fb1_36
Inventory in process, January 31	fill in the blank 36f3dd08efc6fb1_37	fill in the blank 36f3dd08efc6fb1_38	fill in the blank 36f3dd08efc6fb1_39
Total costs assigned by the Filling Department			$fill in the blank 36f3dd08efc6fb1_40

Feedback Area

Feedback

1. Calculate equivalent units for materials and conversion costs. Calculate the cost per equivalent unit for materials and conversion costs. Calculate the costs assigned to the beginning inventory, the units started and completed, and the ending inventory.

Question Content Area

2. Journalize the entries for (1) costs transferred from Reaction to Filling and (2) the costs transferred from Filling to Finished Goods. If an amount box does not require an entry, leave it blank.

(1)	Accounts PayableFactory Overhead-Filling DepartmentFactory Overhead-Reaction DepartmentMaterialsWork in Process-Filling DepartmentWork in Process-Reaction Department	- Select -	- Select -
	Accounts PayableFactory Overhead-Filling DepartmentFactory Overhead-Reaction DepartmentFinished GoodsMaterialsWork in Process-Reaction Department	- Select -	- Select -
(2)	Cost of Goods SoldFactory Overhead-Filling DepartmentFactory Overhead-Reaction DepartmentFinished GoodsMaterialsWork in Process-Reaction Department	- Select -	- Select -
	Accounts PayableFactory Overhead-Filling DepartmentFactory Overhead-Reaction DepartmentFinished GoodsMaterialsWork in Process-Filling Department	- Select -	- Select -

Feedback Area

Feedback

2. Remember that there are three types of inventory; materials, work in process, and finished goods. What costs are captured in the work in process account? Are these units 100% complete or are they being transferred to another department?

Question Content Area

3. Determine the increase or decrease in the cost per equivalent unit from December to January for direct materials and conversion costs. If required, round your answers to two decimal places.

	Increase or Decrease	Amount
Change in direct materials cost per equivalent unit	DecreaseIncrease	$fill in the blank d842890d707d037_2
Change in conversion cost per equivalent unit	DecreaseIncrease	$fill in the blank d842890d707d037_4

4. Discuss the uses of the cost of production report and the results of part (3).

The cost of production report may be used as the basis for allocating product costs between

Direct MaterialsWork in Process

and

Cost of Goods SoldFinished Goods

. The report can also be used to control costs by holding each department head responsible for the units entering production and the costs incurred in the department. Any differences in unit product costs from one month to another, such as those in part (3), can be studied carefully and any significant differences investigated.