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
(3,700 units, 20% completed):
Line Item Description Amount
Direct materials (3,700 × $13.20) $48,840
Conversion (3,700 × 20% × $8.60) 6,364
Total $55,204
The following costs were charged to Work in Process—Filling during January:
Direct materials transferred from Reaction
Line Item Description Amount
Department: 47,700 units at $13.00 a unit $620,100
Direct labor 216,320
Factory overhead 207,840
During January, 47,300 units of specialty chemicals were completed. Work in Process—Filling Department on January 31 was 4,100 units, 40% completed.
Required:
Question Content Area
1. Prepare a cost of production report for the Filling Department for January. If an amount is zero, enter "0". If required, round your cost per equivalent unit answers to the nearest cent.
Dover Chemical Company
Cost of Production Report—Filling Department
For the Month Ended January 31
Units Whole Units Equivalent Units
Direct Materials Equivalent Units
Conversion
Units charged to production:
Inventory in process, January 1 fill in the blank 1 of 40
Received from Reaction Department fill in the blank 2 of 40
Total units accounted for by the Filling Department fill in the blank 3 of 40
Costs charged to production:
Inventory in process, January 1 fill in the blank 4 of 40
fill in the blank 5 of 40
fill in the blank 6 of 40
Started and completed in January fill in the blank 7 of 40
fill in the blank 8 of 40
fill in the blank 9 of 40
Transferred to finished goods in January fill in the blank 10 of 40
fill in the blank 11 of 40
fill in the blank 12 of 40
Inventory in process, January 31 fill in the blank 13 of 40
fill in the blank 14 of 40
fill in the blank 15 of 40
Total units to be assigned costs fill in the blank 16 of 40
fill in the blank 17 of 40
fill in the blank 18 of 40
Costs
Costs Direct Materials Conversion Total
Cost per equivalent unit:
Total costs for January in Filling Department fill in the blank 19 of 40$
55,204
fill in the blank 20 of 40$
Total equivalent units fill in the blank 21 of 40
fill in the blank 22 of 40
Cost per equivalent unit fill in the blank 23 of 40$
fill in the blank 24 of 40$
Costs assigned to production:
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 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
2. Journalize the entries for (1) costs transferred from Reaction to Filling and (2) the cost transferred from Filling to Finished Goods. If an amount box does not require an entry, leave it blank.
