Unit Information with BWIP, Weighted Average Method Jackson Products produces a barbeque sauce using three departments:

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Unit Information With Bwip Weighted Average Method Jackson Products Produces A Barbeque Sauce Using Three Departments 1 (17.91 KiB) Viewed 11 times

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* Units completed and transferred out Units in process, July 31, 90% complete* * With respect to conversion costs. 10,900 82,000 15,200

Required: 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 (60% complete) Units started during July 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 (90% complete) Total units accounted for 0001

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 x Percentage complete: % 8:8 Equivalent units of output Direct Materials % 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 Conversion Costs Direct Materials Conversion Costs