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, 60% complete* 10,000

Units completed and transferred out 81,000

Units in process, July 31, 90% complete* 15,400

* 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)

10,000

Units started during July

Units started during July

Total units to account for fill in the blank 5ebf5b087015049_5

Units accounted for:

Units completed and transferred out:

- Select -

- Select -

- Select -

- Select -

Total units accounted for fill in the blank 5ebf5b087015049_13

Feedback Area

Feedback

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 9abd86fc5f8b02e_1

fill in the blank 9abd86fc5f8b02e_2

Add: Units in ending work in process Percentage complete:

fill in the blank 9abd86fc5f8b02e_3

xfill in the blank 9abd86fc5f8b02e_4

% fill in the blank 9abd86fc5f8b02e_5

fill in the blank 9abd86fc5f8b02e_6

xfill in the blank 9abd86fc5f8b02e_7

% fill in the blank 9abd86fc5f8b02e_8

Equivalent units of output fill in the blank 9abd86fc5f8b02e_9

fill in the blank 9abd86fc5f8b02e_10

Feedback Area

Feedback

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 53d4c6fd9ff6fcd_1

Conversion Costs fill in the blank 53d4c6fd9ff6fcd_2