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Drop down menus for #1 in order from right to left - Drop down menu for #2 - Jackson Products produces a barbeque sauce using
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Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, all materials are added at the beginning of the process. Output is measured in ounces. The production data for July are as follows: Production: 10,000 Units in process, July 1, 70% complete* Units completed and transferred out Units in process, July 31, 80% complete* 90,000 15,300 * With respect to conversion costs. Required: 1. Prepare a physical flow schedule for July. Jackson Products Physical Flow Schedule For the Month of July Units to account for: Total units to account for Units accounted for: Units completed and transferred out: 00 Total units accounted for Started and completed Units, beginning work is process (70% complete) Units in ending work in process (80% complete) Started and completed Units in ending work in process (80% complete) Units started during July From beginning work is process Started and completed Units started during July From beginning work in process Units started during July Units in ending work in process (80% complete) Units started during July 2. Prepare an equivalent units schedule for July using the FIFO method. Enter percentages as whole numbers. If an amount box does not require an entry, enter "0". Jackson Products Equivalent Units Schedule Direct Materials Conversion Costs Add: Units in beginning work in process x Percentage to complete: % % Add: Units in ending work in process x Percentage complete: Q10l % % 3. What if 60 percent of the materials were added at the beginning of the process and 40 percent were added at the end of the process (all ingredients used are treated as the same type or category of materials)? How many equivalent units of materials would there be? equivalent units Equivalent units of output Units started and completedStep by Step Solution
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