eBook Question Content Area Unit Information with BWIP, Weighted Average 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, 70% complete* 10,100 Units completed and transferred out 87,000 Units in process, July 31, 90% complete* 16,000 * 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 (70% complete) Units, beginning work is process (70% complete) 10,100 Units started during July Units started during July Total units to account for fill in the blank 27abd8f2603c018_5 Units accounted for: Units completed and transferred out: Started and completed Started and completed From beginning work in process From beginning work in process From beginning work in process Units in ending work in process (90% complete) Units in ending work in process (90% complete) Total units accounted for fill in the blank 27abd8f2603c018_13 Feedback Area Feedback Partially correct Question Content Area 2. Prepare an equivalent units schedule for July using the weighted average method. Enter percentages as whole numbers. Jackson Products Equivalent Units Schedule Direct Materials Conversion Costs Units completed fill in the blank b6e91cfc7fddfeb_1 87,000 fill in the blank b6e91cfc7fddfeb_2 87,000 Add: Units in ending work in process Percentage complete: fill in the blank b6e91cfc7fddfeb_3 16,000 xfill in the blank b6e91cfc7fddfeb_4 100 % fill in the blank b6e91cfc7fddfeb_5 16,000 fill in the blank b6e91cfc7fddfeb_6 16,000 xfill in the blank b6e91cfc7fddfeb_7 90 % fill in the blank b6e91cfc7fddfeb_8 14,400 Equivalent units of output fill in the blank b6e91cfc7fddfeb_9 103,000 fill in the blank b6e91cfc7fddfeb_10 101,400 Feedback Area Feedback There is no requirement to calculate the work needed to complete the units in BWIP. The BWIP units are treated the same way as the units that were started and completed. Question Content Area 3. What if you were asked to calculate the FIFO units beginning with the weighted average equivalent units? Calculate the weighted average equivalent units by subtracting out the prior-period output found in BWIP. FIFO Equivalent Units Direct Materials fill in the blank 067a77f9d022ff7_1 Conversion Costs fill in the blank 067a77f9d022ff7_2 Feedback Area Feedback Once weighted average equivalent units are calculated, the FIFO equivalent units can be obtained by subtracting out the prior-period output found in BWIP. Feedback Area Feedback Partially correct Check My Work