Extracted text: - Google Drive X 4 My Drive - Google Drive +Front Desk Operations 2020 - Go X + Assignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress%-false * Tp Ask 0 TVCC Email P My Math Lab Log In to Canvas X Mathway | Calculus.. N Netflix Cengage Login Login Rea 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 Process-Filling was as follows on January 1: Work in Process-Filling Department (3,500 units, 30% completed): Direct materials (3,500 x $10.60) $37,100 Conversion (3,500 x 30% x $6.80) 7,140 $44,240 The following costs were charged to Work in Process-Filling during January: Direct materials transferred from Reaction Department: 45,200 units at $10.30 a unit $465,560 Direct labor 173,540 Factory overhead 166,732 During January, 44,800 units of specialty chemicals were completed. Work in Process-Filling Department on January 31 was 3,900 units, 90% completed. Required: 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 two decimal places. Dover Chemical Company Cost of Production Renort-Filling Denartment Previous
Extracted text: rive - Google Drive X My Drive - Google Drive X t Front Desk Operations 2020 - Go X + akeAssignment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator=&inprogress=false Tp ix o2 TVCC Email P My Math Lab * Log In to Canvas EX Mathway | Calculus... N Netflix Cengage Login * Login Reac Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total costs assigned by the Filling Department 2. Journalize the entries for (1) costs transferred from Reaction to Filling and (2) the costs transferred from Filling to Finished Goods. (1) (2) 3. Determine the increase or decrease in the cost per egquivalent 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 Change in conversion cost per equivalent unit v and . The report can also be used to control 4. The cost of production report may be used as the basis for allocating product costs between 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. Previous %24