Cost of Production Report: Average Cost Method Blue Ribbon Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on May 1: Work in Process-Sifting Department (1,500 units, 75% completed) $3,400 The following costs were charged to Work in Process-Sifting Department during May: Direct materials transferred from Milling Department: 18,300 units $32,600 14,560 7,490 Direct labor Factory overhead During May, 18,000 units of flour were completed and transferred to finished goods. Work in Process-Sifting Department on May 31 was 1,800 units, 75% completed. Required: Prepare a cost of production report for the Sifting Department for May, using the average cost method. Blue Ribbon Flour Company Cost of Production Report-Sifting Department For the Month Ended May 31 Unit Information Units charged to production: Inventory in process, May 1 Received from Milling Department Total units accounted for by the Sifting Department Units to be assigned costs: Transferred to Packaging Department in May Inventory in process, May 31 Whole Units Equivalent Units of Production Total units to be assigned costs Cost Information Cost per equivalent unit: Costs Total costs for May in Sifting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, May 1 Costs incurred in May Cost Information Cost per equivalent unit: Total costs for May in Sifting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, May 1 Costs incurred in May Total costs accounted for by the Sifting Department Costs allocated to completed and partially completed units: Transferred to Packaging Department in May Inventory in process, May 31 Total costs assigned by the Sifting Department $ Costs