White Diamand Flour Cempany manslecturet foue by a series of three precestns, beginning wath wheat grain being introdeced in the Miling Department From the Muling Dopartinent, the materials pass trvough the Silting and Packaging departments, emerging as packaged refintd four. The balance in the acoount Work in Procens.Situng Department was as bolows on Juy 1 : The falbwing costs were chaged to Werk in Process siking Department eving Aly? During July, 15,500 units of thour were completed. Work in Process-Siting Department on July 31 was 1,100 units, 34 completed. Aequired: 1. Propare a cost of production repont for the Siting Dopartment for duly if an amount is zoro, enter "o" Round your Cost per equivalent unit answers to two decimal places. 2. Joumalze the entries for costs transferred from Miling to Sining and the costs transforrod from Sining fo Packaging. Aefor to the chart of accoun's for the exact wording of the account fties. CNOW joumals do nor use ines for joumat explanations, Every Ine on a journal page is used for deby or credit enthes. CNOW joumais wiV automaticaly indent a credit entry when a credit amount is entered 3. Determine the increase or decrease in the cost eer equivafent une from June to July for direct materials and conversion costs, Enier alf amounts as positive numbers. Roend your answers to fwo decimal places. 4. Discuss the uses of the cost of production roport and the resuls of part (3) For the Month Ended July 31 \begin{tabular}{l} Cost allocated to completed and \\ \hline partially completed units: \\ Inventory in process, July 1 balance \\ To complete inventory in process, July 1 \\ \hline Cost of compieted July 1 work in process \\ Started and completed in July \\ \hline Transferred to Packaging Department in July \\ \hline Inventory in process, July 31 \\ Total costs assigned by the Siffing Department \\ \hline \end{tabular} 3. Deternine the increase or decrease in the cost per equivatent unit from fune to July for dircet materials and conversion costs. Enter all amounts as positive numbers. Round your answers to two decimal places. Direct materials: Comversion: 4. The cost of production report may be used as the basis for alocating product costs between and Transterred-Out (or Finished) Goods The report can aiso be used to control costs by holding each deparment head responsble for the units enlering production and the costs incurred in the department. Any differences in unit product costs from one morth to anocher, such as these in part (3), can be studed cavetully and any signiticant differences investigated