Problem 2: (Completion rates for DM and CC are the same) Blue Ribbon Flour Company manufactures flour by a series of three processes, beginning in the Milling Department From the Milling Department, the materials pass through the Siting and Packaging departments, emerging as packaged refined flour. The information for Work in Process - Sifting Department was as follows: Work in Process - Sifting Department, May 1 2,500 units, 75% completed $7,800 The following costs were charged to Work in Process - Sifting Dept. during May: Direct materials transferred from Milling Department 22,500 units Direct labor Factory overhead B C D E F During May, 23,000 units of flour were completed and transferred to finished goods. Work in Process-Sifting Department on May 31 was 2,000 units, 75% completed. Required: 18 19 Prepare a cost of production report in the table below for the Sitting Department for May, using the 20 weighted average method. Assume that direct materials are placed in process during production. 21 i.e, the completion rates for DM and CC are the same. 22 23 Blue Ribbon Flour Company Cost of Production Report-Sifting Department For the Month Ended May 31 26 27 Unit Information 28 Units charged to production: 29. inventory in process, May 1 30 Received from Milling Department 31 Total units to acount for by the Sifing Department 32 33 Units to be assigned costs: 34 Transferred to Packaging Department in May 35 inventory in proces5. Mav 31 Problem 1 Whole or physical Units Equivalent Units $55,300 $24,300 $15,500