Question
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
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. physical flow schedule for July.
Units to account for: | ||
Started and completedUnits, beginning work is process (60% complete)Units in ending work in process (80% complete) | - Select - | |
From beginning work in processUnits in ending work in process (80% complete)Units started during July | - Select - | |
Total units to account for | fill in the blank 90b83afdcf8e062_5 | |
Units accounted for: | ||
Units completed and transferred out: | ||
From beginning work in processStarted and completedUnits started during July | - Select - | |
From beginning work in processUnits started during July | - Select - | - Select - |
From beginning work in processUnits in ending work in process (80% complete)Units started during July | - Select - | |
Total units accounted for | fill in the blank 90b83afdcf8e062_13 |
Question Content Area
2. equivalent units schedule for July using the weighted average method. Enter percentages as whole numbers.
Direct Materials | Conversion Costs | |
Units completed | fill in the blank cdc77cf7e02901f_1 | fill in the blank cdc77cf7e02901f_2 |
Add: Units in ending work in process Percentage complete: | ||
fill in the blank cdc77cf7e02901f_3 x fill in the blank cdc77cf7e02901f_4 % | fill in the blank cdc77cf7e02901f_5 | |
fill in the blank cdc77cf7e02901f_6 x fill in the blank cdc77cf7e02901f_7 % | fill in the blank cdc77cf7e02901f_8 | |
Equivalent units of output | fill in the blank cdc77cf7e02901f_9 | fill in the blank cdc77cf7e02901f_10 |
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 7136b8063059069_1 |
Conversion Costs | fill in the blank 7136b8063059069_2 |
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