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 $1,60\%$ complete$*10,400$

Units completed and transferred out $88,000$

Units in process, July $31,90\%$ 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:

$-$ Select $-$

$-$ Select $-$

Total units to account for fill in the blank e$726$bf$025$fcafea$\_5$

Units accounted for:

Units completed and transferred out:

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Total units accounted for fill in the blank e$726$bf$025$fcafea$\_13$

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 $3$aa$072$f$9204$af$96\_1$

fill in the blank $3$aa$072$f$9204$af$96\_2$

Add: Units in ending work in process $\backslash$times Percentage complete:

fill in the blank $3$aa$072$f$9204$af$96\_3$

xfill in the blank $3$aa$072$f$9204$af$96\_4$

$\%$ fill in the blank $3$aa$072$f$9204$af$96\_5$

fill in the blank $3$aa$072$f$9204$af$96\_6$

xfill in the blank $3$aa$072$f$9204$af$96\_7$

$\%$ fill in the blank $3$aa$072$f$9204$af$96\_8$

Equivalent units of output fill in the blank $3$aa$072$f$9204$af$96\_9$

fill in the blank $3$aa$072$f$9204$af$96\_10$

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 $23$f$6$e$1$f$2807$b$068\_1$

Conversion Costs fill in the blank $23$f$6$e$1$f$2807$b$068\_2$