White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being
Question:
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 | |
(900 units, 3/5 completed): | |
Direct materials (900 × $2.05) | $1,845 |
Conversion (900 × 3/5 × $0.40) | 216 |
$2,061 |
The following costs were charged to Work in Process-Sifting Department during July:
Direct materials transferred from Milling Department: | |
15,700 units at $2.15 a unit | $33,755 |
Direct labor | 4,420 |
Factory overhead | 2,708 |
During July, 15,500 units of flour were completed. Work in Process-Sifting Department on July 31 was 1,100 units, 4/5 completed.
Prepare a cost of production report for the Sifting Department for July using the format below. If an amount is zero, enter "0". Round your cost per unit answers to the nearest cent.
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College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille