Hello Everyone, I did some of this problem for my Managerial Accounting class but then I got completely lost. Thank you in advance for the help! Here is the problem:

White Diamond 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.

The balance in the account Work in Process-Sifting Department was as follows on July 1:

The following costs were charged to Work in Process-Sifting Department during July:

During July, 15,100 units of flour were completed. Work in Process-Sifting Department on July 31 was 1,300 units, 4/5 completed.

	Required:
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.
2.	Journalize the entries for costs transferred from Milling to Sifting and the costs transferred from Sifting 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 line 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 all journal entries.
3.	Determine the increase or decrease in the cost per equivalent unit from June to July for direct materials and conversion costs. Round your answers to the nearest cent.
4.	Discuss the uses of the cost of production report and the results of part (3).

Work in Process-Sifting Department (700 units, 3/5 completed): Direct materials (700 x 52.35) $1,645 Conversion (700 x 3/5 x 50.30) 126 $1,771 Direct materials transferred from Milling Department: 15,700 units at $2.45 a unit $38,465 Direct labor 4,480 Factory overhead 1,022 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 Received from Milling Department 700 15,700 16,400 Total units accounted for by the Sifting Department Units to be assigned costs: Inventory in process, July 1 (3/5 completed) 700 0V 420 X 14.400 V 14.400 V 14.400 Started and completed in July Transferred to Packaging Department in July 15,100 14 400 14,820 X Inventory in process, July 31 (4/5 completed) 1,300 1,300 1,040 Total units to be assigned costs 16,400 15,700 15,860 X Costs COSTS Direct Materials Conversion Total Cost per equivalent unit: Total costs for July in Sifting Department $38,465 V $5,502 Total equivalent units 15,700 15,860 Cost per equivalent unit $2.45 $0.35 Costs assigned to production: Inventory in process, July 1 $1,771 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 2. Joumalize the entries for costs transferred from Milling to Sifting and the costs transferred from Sifting 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 joumal explanations. Every line on a jou 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 all journal entries Question not attempted. PAGE 10 JOURNAL Score: 0/51 ACCOUNTING EQUATION DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 3. Determine the increase or decrease in the cost per equivalent unit from June to July for direct materials and conversion costs. Round your answers to the nearest cent. Direct materials: S Conversion: IS