Jackson Products producesa barbeque sauce using three departments: Cooking, Mising, 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 units in process, July 1, 70% complete Units complated and transferred out Units in process. July 31, 90% complete 10,400 84,000 15.300 With respect to conversion costs. 1. Prepare a physical flow schedule for July, Jackson Products Physical Flow Schedule For the Month of Jul Units to account for work is 10.400 V 88,900 99,300 Units started uly Total units to sccount for Units accounted for Units compliatad and transiarrad out Started and completed 73,600 From work in 10.400 84.000 15,300 99,300 work in Total units accounted for 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 current-period unit cost. 2. Prepere an equivel ent units schedule for Jul y using the FIFO method. Enter percentages as whole numbers, f an amount box does not require an entry, enter " Jackson Products Equivalent Units Schedule Direct Materials Conversion Costs 73.600 3600 Add: Units in work in process Percentage to complete: 10,400 x 10.400 Add: Units in ending work in process x Percentage complete 15,300 100 15,300 15,300 x 901 % 13.770 53.900 770 units of 3 wi at if 70 percent of of the materiels were added at the beginning of the process and 30 percent were added at the end of the process all ingredients used e re treated as the same type or category of materials 7 Ho many equ valent units o of materials would there be? equivalant unit