Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures spedalty chemicals by a series of three processes, all materials being introduced in the Distiling 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 : The following costg were charged to Work in Process-Filing during January: During January, 66,500 units of specialty chemicals were completed. Work in Process-Filling Department on January 31 was 5,800 units, 50% completed. Required: 1. Prepare a cost of production report for the Filling Department for January. If an amount is zero, enter "o". If required, round your cest per equlva unit answers to two decimal places. Cost Information Costs per equivalent unit: Total costs for January in Filling Department Total equivalent units Cost per equivalent unit Costs charged to production: Direct Materials Conversion Total: Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Filling Department Cost allocated to completed and partially completed units: Inventory in process; January 1 balance To complete inventory in process, January 1 . Cost of completed January 1 work in process Started and completed in January Transferred to finished goods in January Inventory in process, ]anuary 31 Total costs assigned by the Filling Department 2. Joumalize 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 two decimal places. 4. The cost of production report may be used as the basis for allocating product costs between report can also be used to control costs 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 to another, such as those in part (3), can be studied carefully and any significant. differences investigated..