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Unit Information with BWTP, Weighted Average Method Jackson Products produces a barbeque sauce using three departments: Cooking, Moing, and Bottling. In the Cooking Department, all
Unit Information with BWTP, Weighted Average Method Jackson Products produces a barbeque sauce using three departments: Cooking, Moing, 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 Units completed and transferred out 10,100 85,000 Units in process, July 31, 80% complete 15,900 With respect to conversion costs. Required: 1. Prepare a physical flow schedule for July. Units to account for Jackson Products Physical Flow Schedule For the Month of July Units, beginning work is process (70% complete) Units started during byly Total units to account for Units accounted for: Units completed and transferred out: Started and completed From beginning work in process Units in ending work in process (80% complete) Previous Next From beginning work in process Units in ending work in process (80% complete) Total units accounted for 2. Prepare an equivalent units schedule for July using the weighted average method. Enter percentages as whole numbers. Jackson Products. Equivalent Units Schedule Units completed Add: Units in ending work in process Percentage complete :: Equivalent units of output Endea Direct Materials Conversion Costs 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 non-period output found in BWIR FIFO Equivalent Units Direct Materials Conversion Costa
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