Unit Information with BWIP, Weighted Average Method

Production:

Units in process, July $1,60\%$ complete $,10,700$

Units completed and transferred out $,81,000$

Units in process, July $31,80\%$ complete $,15,000$

With respect to conversion costs.

Required:

Prepare a physical flow schedule for July.

Jackson Products

Physical Flow Schedule

For the Month of July

Units to account for:

Total units to account for

Units accounted for:

Units completed and transferred out:

Total units accounted for

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

Add: Units in ending work in process $$ Percentage complete:

$x$

$x$

Equivalent units of output

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