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Equivalent units and related costs; cost of production report; entries Instructions Chart of Accounts Cost of...


Equivalent units and related costs; cost of production report; entries Instructions Chart of Accounts Cost of Production Repo
eBook Calculator Print Item Instructions Direct materials transferred from Milling Department 16.400 units at $2.35 a unit $3
Equivalent units and related costs; cost of production report; entries 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 Miling Department, the materials pass through the Sitting 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 Sitting Department (800 units, 3/5 completed) Direct materials (800 x $225) $1,800 Conversion (800 x 3/5 * $0.40) 192 $1,992 The following costs were charged to Work in Process-Sitting Department during July D Direct materials transferred from Miling Department 16.400 units at $2.35 a unit $38,540 Direct labor 4.480 < Previous N Check My Work Save and Exit Submit Assignment All work saved 00 ENG O ED
eBook Calculator Print Item Instructions Direct materials transferred from Milling Department 16.400 units at $2.35 a unit $38,540 Direct labor 4,480 Factory Overhead 2,945 During July 16,100 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 an amount is zero, enter 'O' 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 Mailing to Sitting and the costs transferred from Sting to Packaging Refer to the chart of accounts for the exact wording of the accountles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debitor credit entries. Do not add explanations or skip a ine between joumal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered Use the date July 31 for all journal entries 3. Determine the increase or decrease in the cost per equivalent 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) Check My Work
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