Unit Information with BWIP, FIFO Method

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:
Started and completedUnits, beginning work is process (60% complete)Units in ending work in process (80% complete)		- Select -
Started and completedUnits in ending work in process (80% complete)Units started during July		- Select -
Total units to account for		fill in the blank d49ff504efb1051_5
Units accounted for:
Units completed and transferred out:
From beginning work is processStarted and completedUnits started during July	- Select -
From beginning work in processUnits stared during July	- Select -	- Select -
Units in ending work in process (80% complete)Units started during July		- Select -
Total units accounted for		fill in the blank d49ff504efb1051_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
Equivalent units of outputUnits started and completed	- Select -	- Select -
Add: Units in beginning work in process Percentage to complete:
fill in the blank bc1fd4ff9039036_4 x fill in the blank bc1fd4ff9039036_5 %	fill in the blank bc1fd4ff9039036_6
fill in the blank bc1fd4ff9039036_7 x fill in the blank bc1fd4ff9039036_8 %		fill in the blank bc1fd4ff9039036_9
Add: Units in ending work in process Percentage complete:
fill in the blank bc1fd4ff9039036_10 x fill in the blank bc1fd4ff9039036_11 %	fill in the blank bc1fd4ff9039036_12
fill in the blank bc1fd4ff9039036_13 x fill in the blank bc1fd4ff9039036_14 %		fill in the blank bc1fd4ff9039036_15
Equivalent units of outputUnits started and completed	- 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 07e42604f024ff1_1 equivalent units