The work in process is 3/5

PR 18-3A Equivalent units and entries Lily Flour Compan wheat grain being introduced in the Milling Department. From ting as packaged the materials pass through the Sifting and Packaging departm related costs; cost of production report; OBJ. 2, 3, 4 to y manufactures flour by a series of three processes, beginning with refined flour ents, emerging as package The balance in the account Work in Process-Sifting Depa July 1, 2014 rtment was as follows on work in Process-sifting Department (700 units, i/s completed): Direct materials (700 x $2.58) Conversion (700x%x50.55) $1,806 231 $2,037 The following costs were charged to Work in Process-Sifting Department during July: Direct materials transferred from Milling Department $31,980 4,670 2,758 12,300 units at $2.60 a unit Direct labor Factory overhead During July, 12,000 units of flour were completed. Work in Process-Sifting Department on July 31 was 1,000 units, % completed. Instructions 1. Prepare a cost of production report for the Sifting Department for July 2. Journalize the entries for costs transferred from Milling to Sifting and the costs trans- ferred from Sifting to Packaging 3. Determine the increase or decrease in the cost per equivalent unit from June to July for direct materials and conversion costs. 4.Discuss the uses of the cost of production report and the results of part