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

$1.$ Prepare a physical flow schedule for July.

Jackson Products

Physical Flow Schedule

For the Month of July

Units to account for:

$-$ Select $-$

$-$ Select $-$

Total units to account for fill in the blank $70$e$18300$d$064$f$8$b$\_5$

Units accounted for:

Units completed and transferred out:

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Total units accounted for fill in the blank $70$e$18300$d$064$f$8$b$\_13$

Question Content Area

$2.$ 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 $"0".$

Jackson Products

Equivalent Units Schedule

Direct Materials Conversion Costs

$-$ Select $-$

$-$ Select $-$

Add: Units in beginning work in process $\backslash$times Percentage to complete:

fill in the blank $953$a$5$b$008$fd$707$a$\_4$

xfill in the blank $953$a$5$b$008$fd$707$a$\_5$

$\%$ fill in the blank $953$a$5$b$008$fd$707$a$\_6$

fill in the blank $953$a$5$b$008$fd$707$a$\_7$

xfill in the blank $953$a$5$b$008$fd$707$a$\_8$

$\%$ fill in the blank $953$a$5$b$008$fd$707$a$\_9$

Add: Units in ending work in process $\backslash$times Percentage complete:

fill in the blank $953$a$5$b$008$fd$707$a$\_10$

xfill in the blank $953$a$5$b$008$fd$707$a$\_11$

$\%$ fill in the blank $953$a$5$b$008$fd$707$a$\_12$

fill in the blank $953$a$5$b$008$fd$707$a$\_13$

xfill in the blank $953$a$5$b$008$fd$707$a$\_14$

$\%$ fill in the blank $953$a$5$b$008$fd$707$a$\_15$

$-$ Select $-$

$-$ Select $-$

Question Content Area

$3.$ What if $60$ percent of the materials were added at the beginning of the process and $40$ percent were added at the end of the process $($all ingredients used are treated as the same type or category of materials$)?$ How many equivalent units of materials would there be$?$

fill in the blank $71017604$bfee$06$f$\_1$

equivalent unitsUnits in process, July $1,60\%$ complete$*$

Units completed and transferred out

Units in process, July $31,80\%$ complete$*$

With respect to conversion costs.

Required:

Prepare a physical flow schedule for July,

Jackson Products

Physical Flow Schedule

For the Month of July

Units to account for:

Total units to account for

Units accounted for:

Units completed and transferred out:

Total units accounted for

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 $"0".$

Jackson Products

Equivalent Units Schedule

Direct Materials Conversion Costs

Addt Units in beginning work in process $$ Percentage to completer

$x$

$x$

Add: Units in ending work in process $$ Percentage complete:

$x$

$x$

equivalent units