Chapter 18 Homework #1 eBook Print Item 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 Units Units charged to production: Inventory process, January 1 For the Month Ended January 31 Equivalent Units Equivalent Units Whole Units Direct Materials Conversion Received from Reaction Department Total units accounted for by the Filling Department Costs charged to production: 2,700 34,800 ✔ 37,500 Inventory in process, January 1 2,700 ✓ 0 1,890 ✓ Started and completed in January 34,800 X 31,800 ✔ 31,800 ✔ Transferred to finished goods in January 34,500 ✔ 34,500 X 34,500 X Inventory in process, January 31 3,000 ✓ 3,000 ✓ 2,700 ✓ Total units to be assigned costs 37,500 ✓ 34,800 ✓ 37,200 X Costs Cost per equivalent unit: Total costs for January in Filling Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Filling Department Costs Direct Materials Conversion $ 542,880 ✓ 397,716 X 34,800 ✓ 37,200 X $ $ 15.60 ✓ 10.69 X Total $ 51,003 932,253 $ 983,256 V Chapter 18 Homework #1 eBook Print Item 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 Units Units charged to production: Inventory process, January 1 For the Month Ended January 31 Equivalent Units Equivalent Units Whole Units Direct Materials Conversion Received from Reaction Department Total units accounted for by the Filling Department Costs charged to production: 2,700 34,800 ✔ 37,500 Inventory in process, January 1 2,700 ✓ 0 1,890 ✓ Started and completed in January 34,800 X 31,800 ✔ 31,800 ✔ Transferred to finished goods in January 34,500 ✔ 34,500 X 34,500 X Inventory in process, January 31 3,000 ✓ 3,000 ✓ 2,700 ✓ Total units to be assigned costs 37,500 ✓ 34,800 ✓ 37,200 X Costs Cost per equivalent unit: Total costs for January in Filling Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Filling Department Costs Direct Materials Conversion $ 542,880 ✓ 397,716 X 34,800 ✓ 37,200 X $ $ 15.60 ✓ 10.69 X Total $ 51,003 932,253 $ 983,256 V

Chapter 18 Homework #1 eBook Print Item 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 Units Units charged to production: Inventory process, January 1 For the Month Ended January 31 Equivalent Units Equivalent Units Whole Units Direct Materials Conversion Received from Reaction Department Total units accounted for by the Filling Department Costs charged to production: 2,700 34,800 ✔ 37,500 Inventory in process, January 1 2,700 ✓ 0 1,890 ✓ Started and completed in January 34,800 X 31,800 ✔ 31,800 ✔ Transferred to finished goods in January 34,500 ✔ 34,500 X 34,500 X Inventory in process, January 31 3,000 ✓ 3,000 ✓ 2,700 ✓ Total units to be assigned costs 37,500 ✓ 34,800 ✓ 37,200 X Costs Cost per equivalent unit: Total costs for January in Filling Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Filling Department Costs Direct Materials Conversion $ 542,880 ✓ 397,716 X 34,800 ✓ 37,200 X $ $ 15.60 ✓ 10.69 X Total $ 51,003 932,253 $ 983,256 V Chapter 18 Homework #1 eBook Print Item 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 Units Units charged to production: Inventory process, January 1 For the Month Ended January 31 Equivalent Units Equivalent Units Whole Units Direct Materials Conversion Received from Reaction Department Total units accounted for by the Filling Department Costs charged to production: 2,700 34,800 ✔ 37,500 Inventory in process, January 1 2,700 ✓ 0 1,890 ✓ Started and completed in January 34,800 X 31,800 ✔ 31,800 ✔ Transferred to finished goods in January 34,500 ✔ 34,500 X 34,500 X Inventory in process, January 31 3,000 ✓ 3,000 ✓ 2,700 ✓ Total units to be assigned costs 37,500 ✓ 34,800 ✓ 37,200 X Costs Cost per equivalent unit: Total costs for January in Filling Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Filling Department Costs Direct Materials Conversion $ 542,880 ✓ 397,716 X 34,800 ✓ 37,200 X $ $ 15.60 ✓ 10.69 X Total $ 51,003 932,253 $ 983,256 V

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 32P: Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a...

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Line Item Description	Amount
Direct materials (2,700 × $15.80)	$42,660
Conversion (2,700 × 30% × $10.30)	8,343
Total	$51,003

Line Item Description	Amount
Department: 34,800 units at $15.60 a unit	$542,880
Direct labor	198,580
Factory overhead	190,793