Fire's Hot Sauce uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging Department reported the following information for the month of July: (Click the icon to view the reported information for July.) The units in ending work in process inventory were 80% complete with respect to direct materials but only 60% complete with respect to conversion, Requirement Summarize the flow of physical units and compute output in terms of equivalent units in order to arrive at the missing figures (a) through (I). Step 1: Flow of Physical Units Step 2: Equivalent Units Transferred- Direct Conversion in Materials Costs Fire's Hot Sauce Packaging Department Month Ended July 31 Flow of Production Units to account for: Beginning work in process, July 1 Plus: Transferred in during July 24,000 232,000 Total physical units to account for Units accounted for: Completed and transferred out during July Plus: Ending work in process, July 31 29,000 Total physical units accounted for Total Equivalent Units Help me solve this Etext pages Get more help Clear all Check answer Fire's Hot Sauce uses a process costing system Click the icon to view the reported informatid - X ponth of July Data table The units in ending work in process inventory we Requirement Summarize the flow of physical units and compud A B D E 1 Fire's Hot Sauce Packaging Department Month Ended July 31 Step 1: : Step 2: Equivalent Units Flow of Physical Units Direct Transferred-In Materials Conversion Costs 2 Flow of Production Fire's Hot Sauce Packaging Department Month Ended July 31 Flow of Production 24,000 Units to account for: 232,000 (a) 3 Units to account for: : 4 Beginning work in process, July 1 5 Plus: Transferred in during July 6 Total physical units to account for 7 Units accounted for: 7 8 Completed and transferred out during July 9 Plus: Ending work in process, July 31 10 Total physical units accounted for 11 Total Equivalent Units (b) (d) (9) ( (h) 0) (k) k SO 29,000 Beginning work in process, July 1 Plus: Transferred in during July Total physical units to account for Units accounted for: Completed and transferred out during July Plus: Ending work in process, July 31 Total physical units accounted for Total Equivalent Units (e) (c) (f) 0) (1) Print Done Help me solve this Etext pages Get more help. Clear all