Equivalent units and related costs; cost of production report; entries Instructions Chart of Accounts Cost of Production Report Journal Final Questions Instructions White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Miling Department. From the Milling Department, the materials pass through the Sitting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sitting Department was as follows on July 1: Work In Process-Sifting Department (700 units, 3/5 completed): Direct materials (700 * $2.05) $1,435 Conversion (700 * 3/5 * $0.50) 210 $1,645 The following costs were charged to Work in Process-Sifting Department during July Direct materials transferred from Milling Department: 17,800 units at $2.15 a unit $38,270 Previous eck My Work 4 more Check My Work uses remaining. mant Equivalent units and related costs; cost of production reports entries Instructions Chart of Accounta Cost of Production Report Journal Final Questions Instructions Direct materials transferred from Miling Department 17,800 units at $2.15 a unit $38,270 Direct labor 4,440 Factory overhead 5,339 During July 17,000 units of flour were completed. Work in Process-Sifting Department on July 31 was 1,500 units, 45 completed Required: 1. Prepare a cost of production report for the Sitting Department for July an amount is zero, enter "Round your cost per unit answers to the nearest cont and final answers to the nearest dollar amount. 2. Journalize the entries for costs transferred from Milling to Siling and the costs transferred from Sitting to Packaging. Refer to the chart of accounts for the exact wording of the account bles. CNOW journals do not use lines for spaces or journal explanations. Every ine on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entrios. CNOW Journals will automatically indent a credit entry when a credit amount is entered. Use the date July 31 for all journal entries. 3. Determine the increase or decrease in the cost per equivalent unit from June to Juy for direct materials and conversion costs. Round your answers to the nearest cent. Alin an Previous N Check My Work 4 more Check My Work uses remaining Email Instructor Save and Exit All work saved. Submit Assignment for oBook Print item Equivalent units and related costs; cost of production reports entries Instructions Chart of Accounts Cost of Production Report Journal Final Questions Instructions Direct materials transferred from Milling Department 17,800 units at $2.15 a unit $38.270 Direct labor 4,440 Factory overhead 5,339 During July 17,000 units of flour were completed. Work in Process-Sitting Department on July 31 was 1,500 units, 45 completed. Required: 1. Prepare a cost of production report for the Sitting Department for July. W an amount is zero, enter u. Round your cost per unit answer to the nearest cent and final answers to the nearest dollar amount. 2. Journalize the entries for costs transferred from Miling to Sitting and the costs transferred from Siting to Packaging. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every ine on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Use the date July 31 for al journal entries. 3. Determine the increase or decrease in the cost per equivalent unit from June to July for direct materials and conversion costs. Hound your answers to the nearest cent. 4. Discuss the uses of the cost of production report and the results of part (3) All work saved, Email Instructor Save and Exit Submit Assignment for Grading