rive - Google DriveZ My Drive - Google Drivex + Front Desk Operations 2020 - Go X +akeAssignment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator=&inprogress3false* Tpixo TVCC EmailP My Math Lab| Log In to CanvasXMathway | Calculus..N Netflix . Cengage Login LoginReadEquivalent Units and Related Costs; Cost of Production Report; EntriesDover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, thematerials 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)$37,100Conversion (3,500 x 30% x $6.80)7,140$44,240The following costs were charged to Work in Process-Filling during January:Direct materials transferred from ReactionDepartment: 45,200 units at $10.30 a unit$465,560173,540Direct labor166,732Factory overheadDuring 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 decimalplaces.Dover Chemical CompanyCost of Droduction Renort-Filling DenartmentPrevious Drive - Google DriveX 4 My Drive Google DriveX tFront Desk Operations 2020 - Go X +takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%-falseflixTVCC EmailP My Math Lab Log In to CanvasEXMathway | Calculus.* TpN Netflix . Cengage Login LoginReadingStarted and completed in JanuarYTransferred to finished goods in JanuaryInventory in process, January 31Total costs assigned by the Filling Department$42. 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 equivalent unit from December to January for direct materials and conversion costs. If required, round your answers to twodecimal places.Increase or DecreaseAmountChange in direct materials cost per equivalent unitChange in conversion cost per equivalent unitv and. The report can also be used to control4. The cost of production report may be used as the basis for allocating product costs betweencosts 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 toanother, such as those in part (3), can be studied carefully and any significant differences investigated.Previous

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Cost Production Report is prepared to allocate the cost incurred during the period to beginning…

Business

Accounting

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 173,540 166,732 Factory overhead 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: ero, enter "0". If required, round your cost per equivalent unit answers to two decimal 1. Prepare a cost of production report for the Filling Department for January. If an amount is places. Dover Chemical Company

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 173,540 166,732 Factory overhead 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: ero, enter "0". If required, round your cost per equivalent unit answers to two decimal 1. Prepare a cost of production report for the Filling Department for January. If an amount is places. Dover Chemical Company

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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