yakeAssignment/takeAssignmentMain.do?invoker assignments&takeAssignmentSessionLocator assignment-take&inprogre... Instructions Chart of Accounts Cost of Production Report Journal Final Questions Instructions 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 (1,000 units, 3/5 completed): Direct materials (1,000 $2.15) $2,150 Conversion (1,000 * 3/5 * $0.40) 240 The following costs were charged to Work in Process-Sitting Department during July Direct materials transferred from Miling Department: 16,700 units at $2.25 a unit $37.575 eck My Work 1 more Check My Work uses remaining Email Instructor Save and Exit Submit Assignment for takeAssignment/take AssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator assignment-take&inprogre! instructions Chart of Accounts Cost of Production Report Journal Final Questions Instructions Direct materials transferred from Milling Department: 16,700 units at $2.25 a unit $37,575 Direct labor 4,540 Factory overhead 3,056 During July, 16,600 units of flour were completed. Work in Process-Sifting Department on July 31 was 1,100 units, 4/5 completed. Required: 1. Prepare a cost of production report for the Sitting Department for July. If an amount is zero, enter "0" Round your cost per unit answers to the nearest cent and final answers to the nearest dollar amount 2. Journalize the entries for costs transferred from Milling to Sitting 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 rereguivalent unit from June to July 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) film/takeAssignment/take AssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator assignment-take&inprogre... Instructions Chart of Accounts Cost of Production Report Journal Final Questions Instructions Cost of Production Report 1. Prepare a cost of production report for the Sitting Department for July. If an amount is zero, enter"0" Round your cost per unit answers to the nearest cent and final answers to the nearest dollar amount 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 Received from Milling Department Total units accounted for by the Sifting Department inite In he accinnad roete Check My Work 1 more Check My Work uses remaining m/takeAssignment/take AssignmentMain.do?invoker=assignments&takeAssignmentSession Locator=assignment-take&inprogre. Instructions Chart of Accounts Cost of Production Report Journal Final Questions Instructions Cost of Production Report Units to be assigned costs: Inventory in process, July 1 (3/5 completed) Started and completed in July Transferred to Packaging Department in July Inventory in process, July 31 (4/5 completed) Total units to be assigned costs Costs COSTS Direct Materials Conversion Total Cost per equivalent unit: Total costs for July in Sifting Department Total equivalent units Check My Work 1 more Check My Work uses remaining. m/ilm/takeAssignment/take AssignmentMain.do?invoker assignments&takeAssignmentSessionLocator assignment-take&inprogre... Instructions Chart of Accounts Cost of Production Report Journal Final Questions Instructions Cost of Production Report Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, July 1 Costs incurred in July Total costs accounted for by the Sitting Department Costs 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 Check My Work 1 more Check My Work uses remaining ilrn/takeAssignment/takeAssignment Main.do?invoker=assignments&takeAssignmentSessionLocator assignment-take&inprogre... Instructions Cost of Production Report Costs assigned to production: 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 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 Department Check My Work 1 more Check My Work uses remaining