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 Sifting and Packaging departments, emerging as packaged refined four The balance in the account Work in Process Sifting Department was as follows on July 1: Work in Process-Sifting Department (700 units, 345 completed): Direct materials (700 * $2.35) $1,645 Conversion (700 * 35 * $0.30) 126 $1,771 The following costs were charged to Work in Process-Sifting Department during July Direct materials transferred from Miling Department: 15,700 units at $2.45 a unit $38,465 Direct labor 4.480 Factory overhead 1,022 During July 15,100 units of four were completed. Work in ProcessSifting Department on July 31 was 1,300 units, completed Check My Work 2 more Check My Work uses remaining Previous gnment Score: 69.24% Save and Exit Submit Assige The following costs were charged to Work in Process-Sifting Department during July Direct materials transferred from Milling Department: 15,700 units at $2.45 a unit $38,465 Direct labor 4.480 Factory overhead 1,022 During July, 15,100 units of flour were completed. Work in Process Sifting Department on July 31 was 1,300 units completed Required: 1. Prepare a cost of production report for the Silting Department for July. If required, round your cost per equivalent unit answers to two decimal places. If an amount is zero, enter zero "0". 2. Journalize the entries for costs transferred from Milling to Silting and the costs transferred from Silling to Packaging. Refer to the Chart of Accounts for correct wording of account titles 3. Determine the increase or decrease in the cost per equivalent unit from June to July for direct materials and conversion costs. If required, round your answers to two decimal places 4. Discuss the uses of the cost of production report and the results of part (3) Check My Work 2 more Check My Work uses remaining