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1. Prepare a cost of production report for the Sifting Department for July. If an amount is zero, enter 0. Round your cost per unit
1. Prepare a cost of production report for the Sifting Department for July. If an amount is zero, enter "0". Round your cost per unit answers to the nearest cent and final answers to the nearest dollar amount?
1. Prepare a cost of production report for the Sifting Department for July. If an amount is zero, enter "0". Round your cost per unit answers to the nearest cent and final answers to the nearest dollar amount. WHITE DIAMOND FLOUR COMPANY Cost of Production Report-Sifting Department For the Month Ended July 31 Equivalent Units UNITS Whole Units Direct Materials Conversion Units charged to production: Inventory in process, July 1 1,000 Received from Milling Department 15,400 Total units accounted for by the Sifting Department 16,400 Units to be assigned costs: Inventory in process, July 1 (3/5 completed) 1,000 0 400 Started and completed in July 13,800 13,800 13,800 Transferred to Packaging Department in July Inventory in process, July 31 (4/5 completed) 1,600 1,600 Total units to be assigned costs 16,400 15,400 15,480 Costs COSTS Direct Materials Conversion Total Cost per equivalent unit: Total costs for July in Sifting Department $36,190 $6,966 Total equivalent units 15,400 +1 15,480 Cost per equivalent unit $2.35 $0.45 Costs assigned to production: Inventory in process, July 1 $ Costs incurred in July Total costs accounted for by the Sifting Department $ Costs allocated to completed and partially completed units: Inventory in process, July 1-balance To complete inventory in process, July 1 Cost of completed July 1 work in process $ Started and completed in July Transferred to Packaging Department in July $ Inventory in process, July 31 Total costs assigned by the Sifting Department $ 1. Prepare a cost of production report for the Sifting Department for July. If an amount is zero, enter "0". Round your cost per unit answers to the nearest cent and final answers to the nearest dollar amount. WHITE DIAMOND FLOUR COMPANY Cost of Production Report-Sifting Department For the Month Ended July 31 Equivalent Units UNITS Whole Units Direct Materials Conversion Units charged to production: Inventory in process, July 1 1,000 Received from Milling Department 15,400 Total units accounted for by the Sifting Department 16,400 Units to be assigned costs: Inventory in process, July 1 (3/5 completed) 1,000 0 400 Started and completed in July 13,800 13,800 13,800 Transferred to Packaging Department in July Inventory in process, July 31 (4/5 completed) 1,600 1,600 Total units to be assigned costs 16,400 15,400 15,480 Costs COSTS Direct Materials Conversion Total Cost per equivalent unit: Total costs for July in Sifting Department $36,190 $6,966 Total equivalent units 15,400 +1 15,480 Cost per equivalent unit $2.35 $0.45 Costs assigned to production: Inventory in process, July 1 $ Costs incurred in July Total costs accounted for by the Sifting Department $ Costs allocated to completed and partially completed units: Inventory in process, July 1-balance To complete inventory in process, July 1 Cost of completed July 1 work in process $ Started and completed in July Transferred to Packaging Department in July $ Inventory in process, July 31 Total costs assigned by the Sifting Department $Step by Step Solution
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