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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

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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: 10,700 Production: Units in process, July 1, 70% complete* Units completed and transferred out Units in process, July 31, 90% complete* 83,000 15,500 * With respect to conversion costs. Required: 1. Prepare a physical flow schedule for July. Jackson Products Physical Flow Schedule For the Month of July Units to account for: Units, beginning work is process (70% complete) 10,700 Units started during July 87,800 Total units to account for 98,500 Units accounted for: Units completed and transferred out: Units started during July 83,000 Units started during July 15,500 | 28,500 98,500 Units in ending work in process (90% complete) Units accounted for: Units completed and transferred out: Units started during July 83,000 Units started during July 15,500 98,500 Units in ending work in process (90% complete) Total units accounted for 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 Units started and completed 72,300 72,300 Add: Units in beginning work in process x Percentage to complete: 10,700 0 % 0 3,210 10,700 30 % Add: Units in ending work in process x Percentage complete: 15,500 100 % 15,500 15,500 90 % 13,950 Equivalent units of output 87,800 89,460 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? equivalent units

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