Unit Information with BWIP, Weighted Average Method Jackson Products produces a barbeque sauce using three...
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Accounting
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*
10,800
Units completed and transferred out
80,000
Units in process, July 31, 90% complete*
15,300
* With respect to conversion costs.
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)
fill in the blank cff46bfa0050ff5_2
Units started during July
fill in the blank cff46bfa0050ff5_4
Total units to account for
fill in the blank cff46bfa0050ff5_5
Units accounted for:
Units completed and transferred out:
Started and completed
fill in the blank cff46bfa0050ff5_7
From beginning work in process
fill in the blank cff46bfa0050ff5_9
fill in the blank cff46bfa0050ff5_10
Units in ending work in process (90% complete)
fill in the blank cff46bfa0050ff5_12
Total units accounted for
fill in the blank cff46bfa0050ff5_13
Feedback
Partially correct
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 fa1d1dfdffb003a_1
fill in the blank fa1d1dfdffb003a_2
Add: Units in ending work in process Percentage complete:
fill in the blank fa1d1dfdffb003a_3
x
fill in the blank fa1d1dfdffb003a_4
%
fill in the blank fa1d1dfdffb003a_5
fill in the blank fa1d1dfdffb003a_6
x
fill in the blank fa1d1dfdffb003a_7
%
fill in the blank fa1d1dfdffb003a_8
Equivalent units of output
fill in the blank fa1d1dfdffb003a_9
fill in the blank fa1d1dfdffb003a_10
Answer & Explanation
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