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 (3,400 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 Process—Filling 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 Process—Filling Department on January 31 was 2,700 units, 30% 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 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 71647ef94fc602a_1 Received from Reaction Department fill in the blank 71647ef94fc602a_2 Total units accounted for by the Filling Department fill in the blank 71647ef94fc602a_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, January 1 fill in the blank 71647ef94fc602a_4 fill in the blank 71647ef94fc602a_5 fill in the blank 71647ef94fc602a_6 Started and completed in January fill in the blank 71647ef94fc602a_7 fill in the blank 71647ef94fc602a_8 fill in the blank 71647ef94fc602a_9 Transferred to finished goods in January fill in the blank 71647ef94fc602a_10 fill in the blank 71647ef94fc602a_11 fill in the blank 71647ef94fc602a_12 Inventory in process, January 31 fill in the blank 71647ef94fc602a_13 fill in the blank 71647ef94fc602a_14 fill in the blank 71647ef94fc602a_15 Total units to be assigned costs fill in the blank 71647ef94fc602a_16 fill in the blank 71647ef94fc602a_17 fill in the blank 71647ef94fc602a_18 Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for January in Filling Department $fill in the blank 71647ef94fc602a_19 $fill in the blank 71647ef94fc602a_20 Total equivalent units fill in the blank 71647ef94fc602a_21 fill in the blank 71647ef94fc602a_22 Cost per equivalent unit $fill in the blank 71647ef94fc602a_23 $fill in the blank 71647ef94fc602a_24 Costs charged to production: Direct Materials Conversion Total Inventory in process, January 1 $fill in the blank 71647ef94fc602a_25 Costs incurred in January fill in the blank 71647ef94fc602a_26 Total costs accounted for by the Filling Department $fill in the blank 71647ef94fc602a_27 Cost allocated to completed and partially completed units: Inventory in process, January 1 balance $fill in the blank 71647ef94fc602a_28 To complete inventory in process, January 1 $fill in the blank 71647ef94fc602a_29 $fill in the blank 71647ef94fc602a_30 fill in the blank 71647ef94fc602a_31 Cost of completed January 1 work in process $fill in the blank 71647ef94fc602a_32 Started and completed in January fill in the blank 71647ef94fc602a_33 fill in the blank 71647ef94fc602a_34 fill in the blank 71647ef94fc602a_35 Transferred to finished goods in January $fill in the blank 71647ef94fc602a_36 Inventory in process, January 31 fill in the blank 71647ef94fc602a_37 fill in the blank 71647ef94fc602a_38 fill in the blank 71647ef94fc602a_39 Total costs assigned by the Filling Department

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 (3,400 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 Process—Filling 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 Process—Filling Department on January 31 was 2,700 units, 30% 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 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 71647ef94fc602a_1 Received from Reaction Department fill in the blank 71647ef94fc602a_2 Total units accounted for by the Filling Department fill in the blank 71647ef94fc602a_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, January 1 fill in the blank 71647ef94fc602a_4 fill in the blank 71647ef94fc602a_5 fill in the blank 71647ef94fc602a_6 Started and completed in January fill in the blank 71647ef94fc602a_7 fill in the blank 71647ef94fc602a_8 fill in the blank 71647ef94fc602a_9 Transferred to finished goods in January fill in the blank 71647ef94fc602a_10 fill in the blank 71647ef94fc602a_11 fill in the blank 71647ef94fc602a_12 Inventory in process, January 31 fill in the blank 71647ef94fc602a_13 fill in the blank 71647ef94fc602a_14 fill in the blank 71647ef94fc602a_15 Total units to be assigned costs fill in the blank 71647ef94fc602a_16 fill in the blank 71647ef94fc602a_17 fill in the blank 71647ef94fc602a_18 Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for January in Filling Department $fill in the blank 71647ef94fc602a_19 $fill in the blank 71647ef94fc602a_20 Total equivalent units fill in the blank 71647ef94fc602a_21 fill in the blank 71647ef94fc602a_22 Cost per equivalent unit $fill in the blank 71647ef94fc602a_23 $fill in the blank 71647ef94fc602a_24 Costs charged to production: Direct Materials Conversion Total Inventory in process, January 1 $fill in the blank 71647ef94fc602a_25 Costs incurred in January fill in the blank 71647ef94fc602a_26 Total costs accounted for by the Filling Department $fill in the blank 71647ef94fc602a_27 Cost allocated to completed and partially completed units: Inventory in process, January 1 balance $fill in the blank 71647ef94fc602a_28 To complete inventory in process, January 1 $fill in the blank 71647ef94fc602a_29 $fill in the blank 71647ef94fc602a_30 fill in the blank 71647ef94fc602a_31 Cost of completed January 1 work in process $fill in the blank 71647ef94fc602a_32 Started and completed in January fill in the blank 71647ef94fc602a_33 fill in the blank 71647ef94fc602a_34 fill in the blank 71647ef94fc602a_35 Transferred to finished goods in January $fill in the blank 71647ef94fc602a_36 Inventory in process, January 31 fill in the blank 71647ef94fc602a_37 fill in the blank 71647ef94fc602a_38 fill in the blank 71647ef94fc602a_39 Total costs assigned by the Filling Department

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ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 3PB: Equivalent units and related costs; cost of production report; entries Dover Chemical Company...

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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
(3,400 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 Process—Filling 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 Process—Filling Department on January 31 was 2,700 units, 30% 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 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 71647ef94fc602a_1
Received from Reaction Department	fill in the blank 71647ef94fc602a_2
Total units accounted for by the Filling Department	fill in the blank 71647ef94fc602a_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials	Conversion
Inventory in process, January 1	fill in the blank 71647ef94fc602a_4	fill in the blank 71647ef94fc602a_5	fill in the blank 71647ef94fc602a_6
Started and completed in January	fill in the blank 71647ef94fc602a_7	fill in the blank 71647ef94fc602a_8	fill in the blank 71647ef94fc602a_9
Transferred to finished goods in January	fill in the blank 71647ef94fc602a_10	fill in the blank 71647ef94fc602a_11	fill in the blank 71647ef94fc602a_12
Inventory in process, January 31	fill in the blank 71647ef94fc602a_13	fill in the blank 71647ef94fc602a_14	fill in the blank 71647ef94fc602a_15
Total units to be assigned costs	fill in the blank 71647ef94fc602a_16	fill in the blank 71647ef94fc602a_17	fill in the blank 71647ef94fc602a_18
Cost Information
Costs per equivalent unit:
	Direct Materials	Conversion
Total costs for January in Filling Department	$fill in the blank 71647ef94fc602a_19	$fill in the blank 71647ef94fc602a_20
Total equivalent units	fill in the blank 71647ef94fc602a_21	fill in the blank 71647ef94fc602a_22
Cost per equivalent unit	$fill in the blank 71647ef94fc602a_23	$fill in the blank 71647ef94fc602a_24
Costs charged to production:
	Direct Materials	Conversion	Total
Inventory in process, January 1			$fill in the blank 71647ef94fc602a_25
Costs incurred in January			fill in the blank 71647ef94fc602a_26
Total costs accounted for by the Filling Department			$fill in the blank 71647ef94fc602a_27
Cost allocated to completed and partially completed units:
Inventory in process, January 1 balance			$fill in the blank 71647ef94fc602a_28
To complete inventory in process, January 1	$fill in the blank 71647ef94fc602a_29	$fill in the blank 71647ef94fc602a_30	fill in the blank 71647ef94fc602a_31
Cost of completed January 1 work in process			$fill in the blank 71647ef94fc602a_32
Started and completed in January	fill in the blank 71647ef94fc602a_33	fill in the blank 71647ef94fc602a_34	fill in the blank 71647ef94fc602a_35
Transferred to finished goods in January			$fill in the blank 71647ef94fc602a_36
Inventory in process, January 31	fill in the blank 71647ef94fc602a_37	fill in the blank 71647ef94fc602a_38	fill in the blank 71647ef94fc602a_39
Total costs assigned by the Filling Department			$fill in the blank 71647ef94fc602a_40

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