ex A B 1 2 3 4 5 Problem 2: (Completion rates for DM and CC are the same) Blue Ribbon Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials the Sifting and Packaging departments, emerging as packaged refined flour. J C 7 6 The information for Work in Process-Sifting Department was as follows: Work in Process-Sifting Department, May 1 2,500 units, 75% completed $7,800 8 9 10 The following costs were charged to Work in Process-Sifting Dept. during Direct materials transferred from Milling Departme 22,500 units $55,300 11 Direct labor $24,300 12 Factory overhead $15,500 13 15 14 During May, 23,000 units of flour were completed and transferred to finished goo Work in Process-Sifting Department on May 31 was 2,000 units, 75% complete 16 17 Required: 18 19 Prepare a cost of production report in the table below for the Sifting Department for May, using th 20 weighted average method. Assume that direct materials are placed in process during production. i.e., the completion rates for DM and CC are the same. Blue Ribbon Flour Company Cost of Production Report-Sifting Department 21 22 23 24 25 26 27 Unit Information 28 Units charged to production: For the Month Ended May 31 29 Inventory in process, May 1 Received from Milling Department Total units to accunt for by the Sifting Department 30 31 32 33 Units to be assigned costs: 34 Transferred to Packaging Department in May 35 Inventory in process, May 31 36 Total units to be assigned costs Whole or physical Units Equivalent Units