PR 20-3A, PR 20-4A eBook Equivalent Units and Related Costs; Cost of Production Report; Entries ? 1. PR.20.03.BLANKSHEET.AL... Instructions Chart of Accounts Cost of Production Report Journal Final Questions 2. PR.20.04.ALGO I Instructions X 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: Work in Process-Sifting Department (600 units, 3/5 completed): Direct materials (600 * $2.25) $1,350 Conversion (600 x 3/5 x $0.40) 144 $1,494 The following costs were charged to Work in Process-Sifting Department during July: Direct materials transferred from Milling Department: 15,400 units at $2.35 a unit $36, 190 Direct labor 4,420 Factory overhead 2,474 During July, 14,400 units of flour were completed. Work in Process-Sifting Department on July 31 was 1,600 units, ; completed. Next Progress: 1/2 items Check My Work Assignment Score: 1.79% Save and Exit Submit Assignment for GradingPR 20-3A, PR 20-4A eBook Equivalent Units and Related Costs; Cost of Production Report; Entries ? 1. PR.20.03.BLANKSHEET.AL... Instructions Chart of Accounts Cost of Production Report Journal Final Questions 2. PR.20.04.ALGO Instructions X The following costs were charged to Work in Process-Sifting Department during July: Direct materials transferred from Milling Department: 15,400 units at $2.35 a unit $36,190 Direct labor 4,420 Factory overhead 2,474 During July, 14,400 units of flour were completed. Work in Process-Sifting Department on July 31 was 1,600 units, 3 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 equivalent unit answers to two decimal places 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 journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered 3. Determine the increase or decrease in the cost per equivalent unit from June to July for direct materials and conversion costs. Enter all amounts as positive numbers. Round your answers to two decimal places. 4. Discuss the uses of the cost of production report and the results of part (3). Progress: 1/2 items Check My Work Assignment Score: 1.79% Save and Exit Submit AssifPR 20-3A, PR 20-4A eBook Equivalent Units and Related Costs; Cost of Production Report; Entries ? 1. PR.20.03.BLANKSHEET.AL... Instructions Chart of Accounts Cost of Production Report Journal Final Questions 2. PR.20.04.ALGO Instructions X Cost of Production Report Shaded cells have feedback. X 1. Prepare a cost of production report for the Sifting Department for July. If an amount is zero, enter "0". Round your Cost per equivalent unit answers to two decimal places. 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 1 600 V Received from Milling Department 15,400 Total units accounted for by the Sifting Department Units to be assigned costs: Inventory in process, July 1 (3/5 completed) Started and completed in July Transferred to Packaging Department in July Progress: 1/2 items Check My Work Assignment Score: 1.79% Save and Exit Submit AssifPR 20-3A, PR 20-4A eBook 1. PR.20.03.BLANKSHEET.AL... Equivalent Units and Related Costs; Cost of Production Report; Entries ? Instructions Final Questions 2. PR.20.04.ALGO Chart of Accounts Cost of Production Report Journal Instructions X Cost of Production Report Shaded cells have feedback. X Inventory in process, July 1 $ Costs incurred in July Total costs accounted for by the Sifting Department $ Cost 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 Dep $ Points: 0 / 22 Feedback Check My Work Progress: 1/2 items Check My Work Assignment Score: 1.79% Save and Exit Submit Assif