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Equivalent Units and Related Costs Cost of Production Report: Entre Dover Chemical company manufactures specialty Chemicals by a sans of the proces, al materials tengerred in the Department. From the Disting Department, the pass through the action and indepartementet chemicals The balance in the account Work in Processing was as follow on January 11 Work in Process --Filing Department (2,400 unita, 60% completed): Direct materials (2,400 x $15.00) $37.920 Conversion (2.400 X 60% $10.20) The following costs were charged to Work in Processing during January Direct materials transferred from Reaction Department: 31,000 units at $15.50 $450.500 Direct labor 169,700 Factory overhead 163,045 During January 30,700 units of specialty chemicals were completed work in Process Department on nyt 2,700 90% completed Required: Banana cont of production report for the Filing Department for Required: 1. Prepare a cost of production report for the Filling Department for January. If an amount is suo, et fred, round your per equivalent unit answers to two decimal places. 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 Falling Department Units to be assigned cost Equivalent Units Direct Units Materials Conversion Whole Inventory in process, January 1 Started and completed in January Transferred to finished goods in January Inventory in process amry 31 Total units to be assigned cost L Total units to be assigned costs Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for January in Filing Department Total equivalent units Cost per equivalent unit Costs assigned to production Direct Materials Conversion Total Inventory in process, January 1 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 processJanuary 1 Cost of clear URL workcances Pro aats 10 rwokertakeissigrueressenlocatorin 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 2. Journalize the entries for (1) costs transferred from Reaction to filling and (2) the cost transferred from Filing to Finished Goods amount box does not require an entry, leave it blank (1) (2) 3. Determine the increase or decrease in the cost per un unit from December to cry for direct maturitando costs. If required, round your answers to two decimal places Increase or decrease Am Previous Not (2) ) 3. Determine the increase or decrease in the cast 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 Change in conversion cost per equivalent unit 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 contaba The report can also be used to control costs by holding each department had respons for the production and the costs incurred in the department. Any differences in unit product costs from one month part (3), can be studied carefully and any significant differences investigated Previous Art All work saved

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