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I need assitance with this question Units completed and transferred out: Started and completed Feedback Check My Work The physical flow schedule traces the units
I need assitance with this question
Units completed and transferred out:
Started and completed
Feedback
Check My Work
The physical flow schedule traces the units in process regardless of their stage of completion and provides the information needed for preparing the equivalent units
schedule. FIFO uses only current output to calculate the currentperiod unit cost.
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
Jackson Products
Equivalent Units Schedule
Direct Materials Conversion Costs
Units started and completed
Add: Units in beginning work in process Percentage to complete:
Add: Units in ending work in process Percentage complete: Direct Materials Conversion Costs
Add: Units in beginning work in process Percentage to complete:
Add: Units in ending work in process Percentage complete:
X
Equivalent units of output
Feedback
Check My Work
FIFO treats the work equivalent output in BWIP as belonging to the prior period and only counts the work equivalent output for each input done this period as part of
this period's output.
What if percent of the materials were added at the beginning of the process and percent were added at the end of the process all ingredients used are the
same type or category of materials How many equivalent units of materials would there be
equivalent units
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