Wilmington Chemical Company manufactures specialty chemical by a series of three processes, all materials being introduced in the Distilling Department, the material pass through the reaction and Filling departments, emerging as finished chemicals.

Wilmington Chemical Company manufactures specialty chemical by a series of three processes, all materials being introduced in the Distilling Department, the material pass through the reaction and Filling departments, emerging as finished chemicals.

The balance in the accounts work in process- Filling was as follows on decemver1
work in process-filling dept.
(2,500 units 60% complete)
Direct material (2,500x13.10)                   32,750					41225
Conversion (2,500x605x5.65)       8,475
The following cost were charged to work in process- Filling during December
Direct Materials transferred from reaction
department 42,100 units at 13.000 a unit   547,300					547300
direct Labor                 143,200
Factory overhead                79,650				222850
During December 40,900 units of specialty chem. Were completed. Work in process filling dept. on dec. 31 3,700 units completed'
1 Prepare a cost of production report for the filling department for December
2 journalize the entries for cost transferred from reactions to filling and cost  transferred from filling to finished goods
3 determine the increase or decrease in the cost per equivalent units from nov. to dec. for direct material and conversion cost
4 disscuss the uses of the cost of production report and the results of part3

 

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