Unit Information with BWIP, Weighted Average 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 83,000 Units in process, July 31, 80% complete* 15,300 * 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: Units, beginning work is process (70% complete) Units, beginning work is process (70% complete) 11,000 Units started during July Units started during July 87,300 Total units to account for fill in the blank 1f0699013fa2fb4_5 98,300 Units accounted for: Units completed and transferred out: Started and completed Started and completed 72,000 From beginning work in process From beginning work in process 11,000 From beginning work in process 83,000 Units in ending work in process (80% complete) Units in ending work in process (80% complete) 15,300 Total units accounted for fill in the blank 1f0699013fa2fb4_13 98,300 Feedback Area Feedback The physical flow schedule traces the units in process regardless of their stage of completion. To calculate equivalent units, weighted average counts prior-period output in BWIP as belonging to the current period. And all completed units are treated as output of the current period. Question Content Area 2. Prepare an equivalent units schedule for July using the weighted average method. Enter percentages as whole numbers. Jackson Products Equivalent Units Schedule Direct Materials Conversion Costs Units completed fill in the blank d72431fa7030020_1 72,000 fill in the blank d72431fa7030020_2 72,000 Add: Units in ending work in process Percentage complete: fill in the blank d72431fa7030020_3 11,000 xfill in the blank d72431fa7030020_4 0 % fill in the blank d72431fa7030020_5 0 fill in the blank d72431fa7030020_6 11,000 xfill in the blank d72431fa7030020_7 30 % fill in the blank d72431fa7030020_8 3,300 Equivalent units of output fill in the blank d72431fa7030020_9 72,000 fill in the blank d72431fa7030020_10 75,300 Feedback Area Feedback There is no requirement to calculate the work needed to complete the units in BWIP. All BWIP units are treated the same way as the units that were started and completed. Question Content Area 3. What if you were asked to calculate the FIFO units beginning with the weighted average equivalent units? Calculate the weighted average equivalent units by subtracting out the prior-period output found in BWIP. FIFO Equivalent Units Direct Materials fill in the blank 4d7e4ef50030fa7_1 Conversion Costs fill in the blank 4d7e4ef50030fa7_2