Please answer all. This is ONE problem just multiple parts to the problem.

Instructions White Diamond Flour Company manufactures four 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 tofined out The balance in the account Work in Process-Sitting Department was as follows on July 1: Work in Process-Sitting Department (800 units. 3/5 completed) Direct materials (900 $2,05) 51,845 Conversion (900 - 35 $0.40) 216 32,061 0 The following costs were charged to Work in Processing Department during July Direct materials transferred from Miling Department 15,700 units at 52.15 unit $33755 Direct labor 4420 Factory overhead 2.708 During July 16.600 units of four were completed Work in Processing Department only 31 was 1.100 units 45 completed During July, 15,500 units of flour were completed. Work in Process-Sitting Department on July 31 was 1,100 units, 4/5 completed. Required: 1. Prepare a cost of production report for the Sifting Department for July. If an amount is zero, enter "o". Round your cost per unit answers to the nearest cent 2. Journalize the entries for costs transferred from Milling to Siting and the costs transferred from Sifting to Packaging. Refer to the Chart of Accounts for correct wording of account titles. Use the date July 31 for all journal entries. 3. Determine the increase or decrease in the cost per equivalent unit from June to buy 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) Chart of Accounts CHART OF ACCOUNTS White Diamond Flour Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable 126 Interest Receivable EXPENSES 131 Materials 510 Cost of Goods Sold 141 Work in Process-Milling 142 Work in Process-Sifting 143 Work in Process-Packaging 151 Factory Overhead-Milling 152 Factory Overhead-Sifting 153 Factory Overhead-Packaging 161 Finished Goods 171 Supplies 172 Prepaid Insurance 173 Prepaid Expenses 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Supplies Expense 540 Administrative Expenses 561 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense Check My Work All work saved. Book Print Item vur vopruiUU LAPORT UITY Chart of Accounts 101 INSUU UUUUS 171 Supplies 172 Prepaid Insurance 173 Prepaid Expenses 590 Miscellaneous Expense 710 Interest Expense 181 Land 191 Factory 192 Accumulated Depreciation-Factory LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 251 Wages Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary Check My Work 1. Prepare a cost of production report for the Sitting Department for July. W an amount is zero, enter "o". Round your cost per unit answers to the nearest cont. WHITE DIAMOND FLOUR COMPANY 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 Recolved from Miling Department 15,700 Total units accounted for by the Sitting Department Units to be assigned costs: Inventory in process, July 1 (3/5 completed) Started and completed in July Transforred to Packaging Department in July 15,500 900 16,600 900 14,800 Cost of Production Report Shaded calls Costs COSTS Direct Materials Conversion Total 15,700 15.840 Cost per equivalent unit: Total costs for July in Sitting Department Total equivalent units Cost per equivalent unit Costs assigned to production Inventory in process, July 1 Conts incurred in July Total costs accounted for by the Sitting Department Conte allocated to completed and partially completed units Inventory in process, July 1-balance To complete inventory in proces, juy 1 1s Cost of completed July 1 work in process Surted and completed in July uivalent units and related costs; cost of production report; entries Instructions Chart of Accounts Cost of Production Report Journal Final Questions Shaded cells Cost of Production Report Inventory in process, July 1 Costs incurred in July Total costs accounted for by the Sifting Department Costs allocated to completed and partially completed units: Inventory in process, July y 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 Sitting Department Points 2 Journaize the entries for costs transferred from Milling to Sting and the costs transferred from Sating to Packaging. Peter 10 tono Chart of Accounts for correct mortsog of account ties. Use the date July 31 for all journal entries Question not attempted. PAGES JOURNAL Score: 0/51 DATE DESCRITION POSTRE DET CREDIT . 2 1 Points 010 3. Determine the increase or decrease in the cost per equivalent unt from June to stay for direct materials and conversion costs. Found your answers to the nearest cont. Direct materials: Conversion: 0/4 4. The cost of production report may be used as the basis for locating product costs between The report can also be used to control costs by holding each department head responsible for the units entering production and the costs incurred in the department. Any differences in unt product costs from one month to another, such as those in part (3), can be studied caretuty and any significant differences investigated