White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat...
60.1K
Verified Solution
Question
Accounting
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 Salting and Packaging departments, emerging as packaged refined flour, The balance in the account Work in Process Sitting Department was as follows on July 1, 2016 Work in Processing Department (800 unts, completed) Direct materials (800 $215) $1,720 Conversion (800 *10 401 192 $1,912 The following costs were charged to Work in Processing Department during July Direct material transferred from Miing Department 16.700 units at $2.25 a unit 537575 The following costs were charged to Work in Process Sifting Department during July Direct materials transferred from Miling Department 16,700 units at $2.25 a unit $37,575 Direct labor 4,5-60 Factory overhead 3,020 During July 16,400 units of flour were completed. Work in Process-Sifting Department on July 31 was 1.100 units completed. Required: 1. Prepare a cost of production report for the Sitting Department for 2. Journalize the tries for costs transferred from Milling to lifting and the costs transferred from Silting to Packaging. Refer to the Chart of Accounts for correct wording of account titles 3. Determine the increase or decrease in the cost per givalent unit from June to ruly for direct materials and conversion costs. 4. Discuss the uses of the cost of production report and the results of part (3) 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 Salting and Packaging departments, emerging as packaged refined flour, The balance in the account Work in Process Sitting Department was as follows on July 1, 2016 Work in Processing Department (800 unts, completed) Direct materials (800 $215) $1,720 Conversion (800 *10 401 192 $1,912 The following costs were charged to Work in Processing Department during July Direct material transferred from Miing Department 16.700 units at $2.25 a unit 537575 The following costs were charged to Work in Process Sifting Department during July Direct materials transferred from Miling Department 16,700 units at $2.25 a unit $37,575 Direct labor 4,5-60 Factory overhead 3,020 During July 16,400 units of flour were completed. Work in Process-Sifting Department on July 31 was 1.100 units completed. Required: 1. Prepare a cost of production report for the Sitting Department for 2. Journalize the tries for costs transferred from Milling to lifting and the costs transferred from Silting to Packaging. Refer to the Chart of Accounts for correct wording of account titles 3. Determine the increase or decrease in the cost per givalent unit from June to ruly for direct materials and conversion costs. 4. Discuss the uses of the cost of production report and the results of part (3)


Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.