Answered step by step
Verified Expert Solution
Question
1 Approved Answer
eBook Question Content Area Unit Information with BWIP, FIFO Method Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the
eBook Question Content Area Unit Information with BWIP, FIFO Method 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: Units in process, July 1, 60% complete* 10,000 Units completed and transferred out 80,000 Units in process, July 31, 80% complete* 15,000 * With respect to conversion costs. Required: Question Content Area 1. Prepare a physical flow schedule for July. Jackson Products Physical Flow Schedule For the Month of July Units to account for: Units, beginning work is process (60% complete) Units, beginning work is process (60% complete) Units started during July Units started during July Total units to account for fill in the blank 21a73800e05bfb9_5 Units accounted for: Units completed and transferred out: - Select - - Select - - Select - - Select - Total units accounted for fill in the blank 21a73800e05bfb9_13 Question Content Area 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 - Select - - Select - Add: Units in beginning work in process Percentage to complete: fill in the blank 5cd20a0a402bfa0_4 xfill in the blank 5cd20a0a402bfa0_5 % fill in the blank 5cd20a0a402bfa0_6 fill in the blank 5cd20a0a402bfa0_7 xfill in the blank 5cd20a0a402bfa0_8 % fill in the blank 5cd20a0a402bfa0_9 Add: Units in ending work in process Percentage complete: fill in the blank 5cd20a0a402bfa0_10 xfill in the blank 5cd20a0a402bfa0_11 % fill in the blank 5cd20a0a402bfa0_12 fill in the blank 5cd20a0a402bfa0_13 xfill in the blank 5cd20a0a402bfa0_14 % fill in the blank 5cd20a0a402bfa0_15 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? fill in the blank 126c23f31fd000a_1 equivalent units
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started