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Equivalent Units and Related Costs; Cost of Production Report; Entries
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Order Paper NowWilmington 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 December 1,
2012:
| Work in Process—Filling Department | ||
| (2,500 units, 70% completed): | ||
| Direct materials (2,500 x $18.50) | $46,250 | |
| Conversion (2,500 x 70% x $12.10) | 21,175 | |
| $67,425 | ||
The following costs were charged to Work in Process—Filling during December:
| Direct materials transferred from Reaction | ||
| Department: 32,300 units at $18.30 a unit | $591,090 | |
| Direct labor | 191,510 | |
| Factory overhead | 184,009 | |
During December, 32,000 units of specialty chemicals were completed. Work in
Process—Filling Department on December 31 was 2,800 units, 10% completed.
Instructions: 1. Prepare
a cost of production report for the Filling Department for December. If
an amount is zero, enter “0”. If required, round your cost per
equivalent unit answers to two decimal places.
