3. Determine the increase or decroase in the cost per equbalert unt thom June to July for dikect materials and comversion couth. Eriter as anounts as postive numbers. Round your anawors to two decimat places. T. The coat of production report may be used as the bavis for alocating product costs between also be used to controf costs ty holding each department head responsible tor the unts entering producten and the conts incurmed in the degariment Any differences in unit product conts from one mseth to anceser, such as those in part (3), can be studied cmefuey and any significant difterences investigaled. ertered Inwentory in process, duly 1 balance To complete invedory in process, July 1 Cost of completed July 1 work in process Staded and completed in July Transferred to Packaging Department in July Inventory in process, July 31 Total costs assigned by the siffino Department Journat COSTs Cest per equivalent unit \begin{tabular}{|l|l|l|} \hline Total costs for Jlyy in Sitting Depariment & 5 & 3 \\ \hline Total equivalent units & & \\ \hline Cent per equivalent und & 5 & 5 \\ \hline Conte astigned to pooduction & \\ \hline \end{tabular} Inventory in process, July 1 Cotts incurted in duly Total conts accocmted for by the Bating Dopartenent Corr alocated to colipleted and parhally completed units liventory in process . July 1 balance To complete invendory in procens, July 1 Coat of completod July 1 work in process Slarted and compleied in thly Transferted to Packmoino Deosrtment in Jllv 1. Prepare a cost of production report for the Sitting Depovtment for July If an amount is zero, enter "O". Round your Cost per equivalent unit answers to two decimal places. Required: 1. Prepore a cost of production report for the siting Department for vely, if an amount is zero, enter "0" Round your Cost per equivalent unit answers to two decimal places. 2. Joumblite the entres for costs transferred from Miling to Siting and the costs transfened from sining to Plikaging Refer to the chart of accourts for the exact wording of the ascount sties. CNOWjoumsls do not use fines for joumol explanstions. Evecy line on a joumal page is uaed for debit ar cindt entrien. CNOW joumals W audomaticaly indent a credt entry when a credit anount is entered 3. Daterimine the increase or decrease in the cost cec equavatedt und from June to voy for direct materials and comversion costs. Enter ail amourts as postive numbers. Round your answers to two decimal places. 4. Decuss the uses of the cost of production report and the resuits of part (3). While Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Maling Department. From the Miling Department, the materials pass through the Sitting and Packaging departruents, emerging as packaged refined flour The balance in the acoount Work in Process. Sifting Department was as follows on July 1 . The following costs were charged to Work in Process-sining Department during July: Duting July: 14,400 units of four were compleled. Work in Process.Sitting Department on July 31 was 1,600 units, 4 completed