<ebookEquivalent Units and Related Costs; Cost of Production Report: Weighted Average Cost MethodJoshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials passthrough the Sifting and Packaging departments, emerging as packaged refined flour.The balance in the account Work in Process-Sifting Department was as follows on March 1:Work in Process-Sifting Department (3,200 units, 75% completed) $3,500The following costs were charged to Work in Process-Sifting Department during March:Direct materials transferred from Milling Department: 14,500 units $51,400Direct labor13,325Factory overhead.5,125During March, 14,900 units of flour were completed. The balance of Work in Process-Sifting Department on March 31 was 2,800 units, 50% completed.Required:Prepare a cost of production report for the Sifting Department for March, using the weighted average cost method.Joshua Flour CompanyCost of Production Report-Sifting DepartmentFor the Month Ended March 31UnitsUnits charged to production:UnitsEquivalent Unitsof Production UnitsUnits charged to production:Inventory in process, March 1Received from Milling DepartmentTotal units accounted for by the Sifting DepartmentUnits to be assigned cost:Transferred to Packaging Department in MarchInventory in process, March 31Total units to be assigned costCostsUnit costs:Total costs for March in Sifting DepartmentTotal equivalent unitsCost per equivalent unitCosts charged to production:Inventory in process, March 1Costs incurred in MarchTotal costs accounted for by the Sifting DepartmentCosts allocated to completed and partially completed units:Units000Equivalent Unitsof Production1000 1000

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Description: <ebookEquivalent Units and Related Costs; Cost of Production Report: Weighted Average Cost MethodJoshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials

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Equivalent Units and Related Costs; Cost of Production Report: Weighted Average Cost Method Joshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials p 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 March 1: Work in Process-Sifting Department (3,200 units, 75% completed) $3,500 The following costs were charged to Work in Process-Sifting Department during March: Direct materials transferred from Milling Department: 14,500 units Direct labor $51,400 13,325 5,125 Factory overhead During March, 14,900 units of flour were completed. The balance of Work in Process-Sifting Department on March 31 was 2,800 units, 50% completed. Required:

Equivalent Units and Related Costs; Cost of Production Report: Weighted Average Cost Method Joshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials p 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 March 1: Work in Process-Sifting Department (3,200 units, 75% completed) $3,500 The following costs were charged to Work in Process-Sifting Department during March: Direct materials transferred from Milling Department: 14,500 units Direct labor $51,400 13,325 5,125 Factory overhead During March, 14,900 units of flour were completed. The balance of Work in Process-Sifting Department on March 31 was 2,800 units, 50% completed. Required:

FINANCIAL ACCOUNTING

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So I have to finish the Cost of production Report, as you can see I need help with the cost sections below on my report. See attached photo of my work in progress for this report
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