| Instructions Chart of Accounts Cost of Production Report X Instructions 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 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-Sitting Department (700 units, 3/5 completed): Direct materials (700 * $2.05) $1,435 Conversion (700 x 3/5 * $0.50) 210 $1,645 The following costs were charged to Work in Process-Sitting Department during July: Direct materials transferred from Milling Department: 17,800 units at $2.15 a unit $38,270 4,440 Direct labor 5,339 Factory overhead During July, 17,000 units of flour were completed. Work in Procesy Sifting Department on July 31 was 1,500 units, 4/5 completed E V Instructions Chart of Accounts Cost of Production Report X Instructions completed Required: 1. Prepare a cost of production report for the Sitting Department for July. If an amount is zero, entero". Round your cost per unit answers to the nearest cent and final answers to the nearest dollar amount 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 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) Equivalent units and related costs; cost of production report; entries Instructions Chart of Accounts Cost of Production Report A III Journal Final Questions Cost of Production Report 1. Prepare a cost of production report for the Sitting Department for July. I an amount is zero, enter "O". Round your cost per un final answers to the nearest dollar amount. WHITE DIAMOND FLOUR COMPANY Cost of Production Report-Sifting Department For the Month Ended July 31 Equivalen UNITS Whole Units Direct Materials Units charged to production