Whito Diamond Flour Company manufactures tlour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Miling Department. the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sitting Department was as follows on July 1: The following costs were charged to Work in Process-Sitting Department during July CHART OF ACCOUNTS White Dlamond Flour Company General Ledger ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Recelvablo 131 Materials 141 Work in Process-Milling Department 142 Work in Process-Sifting Department 143 Work in Process-Packaging Department 151 Factory Overhead-Miling Department 152 Factory Overhead-Sitting Department 153 Factory Overhead-Packaging Department 161 Finished Goods 171 Supplies 172. Prepaid Insurance 173 Prepaid Expenses 181 Land 191 Factory 192 Acoumulated Depreciation-Factory REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utaities Expense 534 Supplies Expense 540 Administrative Expenses 561 Deprociation Expense.Factory 590 Miscelaneous Expense 710 Interest Expense LIABILITIES 210. Accounts Payable 221 Utilites Payabie 231 Notes Payable 236 Interest Payable 251 Wages Payabie EQUITY 311 Common Stpok 340 Retained Earnings 351 Dividends 390 income Summary mete Dunono FLovk conear. Cost at Probuetion hepon-sining Oepartnant For the Month Ended Juiv 31 Equivalent Units Unte cherged is procuction Whole Units ivertion in process aly 1 Mecieived from Miry Degarment fola unas acoocnsed tor by the sming Depertment Unis is be arsonect tos: Inveriog in procesa, Juy 1 (35, compieted) Sta led and cempleted n tuly Tribstened io Packaging Depactuer in Juy mentocy in process, Juy at iss conpieled? Tetal unis to te arigned conts Cosi per equbrest unit Total cosb for July n Snng Deparnest Total eosialest units Cent per tequalient unt Cons ansigned io production: insetiry in procets, 3dy : Costs noured in axy Cosis alocated to conoielibd and pirtialy eomolene units: involory in poccese aly 1 twance Costa costs Ohact Matedals Comvinion Total Coel of convieted July t work in procats biensd anc concieted in aly uneter is pocen, resat General, deunal instructions 3. Delermine the increase or decrease in the cost per equivalent unt finom June fo Juy lor direct materials and conversion costs. 4. Discuss the uses of the cost of production roport and the results of part (3) The cost of production report may be used as the basis for alocating product costs between and The report can also bet used to control costs by holding each depertment hesd responsibio loc the unts entering production and the costs incurred in the department. Any diferences in unit product costs fro one month to another, such as those in part (3), can be studied caretuly and any signficant diterences investigated