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, 70% complete*	11,000
Units completed and transferred out	89,000
Units in process, July 31, 90% complete*	15,600
* 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:
Started and completedUnits, beginning work is process (70% complete)Units in ending work in process (90% complete)Units, beginning work is process (70% complete)		Units, beginning work is process (70% complete)
Started and completedUnits in ending work in process (90% complete)Units started during JulyUnits started during July		Units started during July
Total units to account for		fill in the blank 750029f6801a020_5
Units accounted for:
Units completed and transferred out:
From beginning work is processStarted and completedUnits started during JulyStarted and completed	Started and completed
From beginning work in processUnits started during JulyFrom beginning work in process	From beginning work in process	From beginning work in process
Units in ending work in process (90% complete)Units started during JulyUnits in ending work in process (90% complete)		Units in ending work in process (90% complete)
Total units accounted for		fill in the blank 750029f6801a020_13

Feedback

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. 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 completedUnits started and completed	Units started and completed	Units started and completed
Add: Units in beginning work in process Percentage to complete:
fill in the blank 1daff6f36fccfd9_4 x fill in the blank 1daff6f36fccfd9_5 %	fill in the blank 1daff6f36fccfd9_6
fill in the blank 1daff6f36fccfd9_7 x fill in the blank 1daff6f36fccfd9_8 %		fill in the blank 1daff6f36fccfd9_9
Add: Units in ending work in process Percentage complete:
fill in the blank 1daff6f36fccfd9_10 x fill in the blank 1daff6f36fccfd9_11 %	fill in the blank 1daff6f36fccfd9_12
fill in the blank 1daff6f36fccfd9_13 x fill in the blank 1daff6f36fccfd9_14 %		fill in the blank 1daff6f36fccfd9_15
Equivalent units of outputUnits started and completedEquivalent units of output	Equivalent units of output	Equivalent units of output

Feedback

FIFO treats the work (equivalent output) in BWIP as belonging to the prior period and only counts the work (equivalent output for each input) done this period as part of this period's output.

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 a3d72909002901c_1 equivalent units