Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking...
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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: Units in process, July 1, 70% complete* Units completed and transferred out Units in process, July 31, 90% complete* * With respect to conversion costs. Required: 1. Prepare a physical flow schedule for July.. 10,600 81,000 16,000. Jackson Products Physical Flow Schedule For the Month of July Units to account for: Units, beginning work is process (70% complete) Units started during July Total units to account for Units accounted for: Units completed and transferred out: Started and completed From beginning work process Units in ending work in process (90% complete) Total units accounted for M 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 Feedback Check My Work % 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. 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, 70% complete* Units completed and transferred out Units in process, July 31, 90% complete* * With respect to conversion costs. Required: 1. Prepare a physical flow schedule for July.. 10,600 81,000 16,000. Jackson Products Physical Flow Schedule For the Month of July Units to account for: Units, beginning work is process (70% complete) Units started during July Total units to account for Units accounted for: Units completed and transferred out: Started and completed From beginning work process Units in ending work in process (90% complete) Total units accounted for M 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 Feedback Check My Work % 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.
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Answer Answer 1 Quantities Physical Units in Gallons Material Conversion Units to be accounted for W... View the full answer
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
Posted Date:
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