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Dover Chemical Company Manufactures Specialty Chem...

Dover Chemical Company Manufactures Specialty Chem... PLDZ-4047
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Equivalent units and related costs; cost of production report

Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Depart- ment, the materials pass through the Reaction and Filling departments, emerging as fin- ished chemicals.

The balance in the account Work in Process—Filling was as follows on January 1, 2016:

Work in Process—Filling Department (3,400 units, 60% completed):

Direct materials (3,400 × $9.58)

$32,572

Conversion (3,400 × 60% × $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.

instructions

  1. Discuss the uses of the cost of production report and the results of part (3).

 

Equivalent units and related costs; cost of production report Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Depart- ment, the
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