OOK NON Up Equivalent Units and Related Costs Cost of production Report Entries Dover Chemical Company manufactures specialty chemicals by a series of the processes, all material being introduced in the Otting Department from the hearts the Reaction and fing departments, emerging as finished chemicals The balance in the account Work in Processing was as follows on January Work in Processing Department (1,900 units, 70% completed) Direct materials (1.900 x $17.70) $33.530 Conversion (1,900 x 70% $1160) 15,428 549,058 The following costs were charged to work in Processing during January Direct materials transferred from Reaction Department: 24,500 units at $17.50 a Unit $428,750 Direct labor 144,550 Factory Overhead 138,686 During January 24,100 units of specialty Chemicals were completed. Work in Processing Department on January 31 was 2,100 unite, 504 mm Required: 1. Prepare a cost of production report for the Filing Department for January. If an amount is zero, interior required, round your cost per equivalent introwers to twa demais 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 Units Materials Conversion Previoun Check My Work Email Save and Sunt generating All work saved Whole Units Equivalent Units Direct Materials Conversion Inventory in proces, January 1 Started and completed in January Transferred to shed goods in January Inventory in process, January 31 Total units to be assigned costs Cost formation Cost per equivalent units Direct Materials Conversion Total costs for January in Filling Department Total equivalent units Cost per equivalent unit Costs assigned to production Direct Materials Conversion 100 100 100 JOULUD Total Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Filling Department Costs allocated to completed and partially completed units Inventory is process, January 1 balance To complete inventory in process, anuary 1 Cost of completed January 1 work in process Started and completed in Kuary Transferred to finished goods in January Teventory in process, January 31 Total costs assigned by the Fitting Department Prevo Check My Work Total Direct Materials Conversion Inventory in process, January Costs incurred in January Total costs accounted for by the Filing Department Costs allocated to completed and partially completed units: 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 Transferred to finished goods in January Inventory in process, January 31 Total costs assigned by the filling Department 000000000 DO 2. Journal the entries for (1) costs transferred from Reaction to Filing and (2) the cost transferred troming to shed Goods, Iran amount or does not require antak (5) IU II (2) 3. Determine the increase or decrease in the cost per equivalent unit from December to January for direct materials and conventional required, round your awers to Decimal Increase or decrease Amount Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit 4. Discuss the use of the cost of production report and the results of party, The cost of production report may be used as the basis foc locating product costs between and The report an be and contra cost department head responsible for the units entering production and the cost curred in the department. Annoint product costs on the month to the such as the art can be studied carefully and any rucant differences vestigated Check My Work All work wed Ema Save and Submit for Grade