3. Problem series (60 points) 3.1. BEEMCO Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. 2/3 The balance in the account Work in Process - Sifting Department was as follows on August 1, 2018: Work in Process - Sifting Department (20,000 units, 70% completed): Direct materials (20,000 X $1.37) $27,400 Conversion (20,000 X 70% X $0.55) 7,700 S35,100 The following costs were charged to Work in Process - Sifting Department during August: Direct materials transferred from Milling Department: 620,000 units at $1.40 a unit S868,000 Direct labor 245,000 Factory overhead 110,000 During August, 625,000 units of flour were completed. Work in Process - Sifting Department on August 31 was 15,000 units, 50% completed. Instructions a. Prepare a cost of production report for the Sifting Department for August b. Journalize the entries for costs transferred from Milling to Sifting and the costs transferred from Sifting to Packaging. c. Determine the increase or decrease in the cost per equivalent unit from July to August for direct materials and conversion costs. 3.2. Zalobee Company use a job order cost system. The following data summarize the action related to production for August 2018, the first month of operations: a. Material purchased on account, $214,000 b. Materials requisitioned and factory labor, machine hours used: Job Materials Factory labor Machine hours No. 801 $23,500 $17,000 216 No. 802 21,000 25,500 320 No. 803 14,050 9,800 185 No. 804 34,500 33,500 350 No. 805 19,000 21,000 180 No. 806 21,800 18.900 225 For general factory use 10,600 52.000 c. Factory overhead costs incurred on account, 5,870 d. Depreciation of machinery and equipment, S4,230 e. The factory overhead rate is $61 per machine hour. f. Jobs completed: 801, 803, 804, 806 g. Jobs were shipped and customers were billed as follows: Job 801, $75,570; Job 804. $81,500, Job 806, $88,950 Instructions: 1. Journalize the entries to record the summarized operations 2. Post the appropriate entries to T accounts for work in process and Finished Goods, using the identifying letters as dates. Insert memorandum account balances as of the end of the month. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account