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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: 10,500 Units in process, July 1, 60% complete* Units completed and transferred out Units in process, July 31, 90% complete* * With respect to conversion costs. 90,000 15,600 Required: 1. 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: 1011 101 Total units accounted for Started and completed Units, beginning work is process (60% complete) Units in ending work in process (90% complete) From beginning work in process Units in ending work in process (90% complete) Units started during July From beginning work in process Started and completed Units started during July From beginning work in process Units started during July From beginning work in process Units in ending work in process (90% complete) Units started during July 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 Add: Units in ending work in process x Percentage complete: % % Equivalent units of output 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 Conversion Costs