Question: Unit Information with BWIP, FIFO Method Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, all materials
Unit Information with BWIP, FIFO 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, 70% complete* | 10,800 |
| Units completed and transferred out | 82,000 |
| Units in process, July 31, 80% complete* | 15,700 |
| * 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: | ||
| fill in the blank a30110fd0007f9c_2 | ||
| fill in the blank a30110fd0007f9c_4 | ||
| Total units to account for | fill in the blank a30110fd0007f9c_5 | |
| Units accounted for: | ||
| Units completed and transferred out: | ||
| fill in the blank a30110fd0007f9c_7 | ||
| fill in the blank a30110fd0007f9c_9 | fill in the blank a30110fd0007f9c_10 | |
| fill in the blank a30110fd0007f9c_12 | ||
| Total units accounted for | fill in the blank a30110fd0007f9c_13 | |
2. Prepare an equivalent units schedule for July using the FIFO method. Enter percentages as whole numbers. If an amount box does not require an entry, enter "0".
| Direct Materials | Conversion Costs | |
| fill in the blank c0b1def6dfee051_2 | fill in the blank c0b1def6dfee051_3 | |
| Add: Units in beginning work in process Percentage to complete: | ||
| fill in the blank c0b1def6dfee051_4 x fill in the blank c0b1def6dfee051_5 % | fill in the blank c0b1def6dfee051_6 | |
| fill in the blank c0b1def6dfee051_7 x fill in the blank c0b1def6dfee051_8 % | fill in the blank c0b1def6dfee051_9 | |
| Add: Units in ending work in process Percentage complete: | ||
| fill in the blank c0b1def6dfee051_10 x fill in the blank c0b1def6dfee051_11 % | fill in the blank c0b1def6dfee051_12 | |
| fill in the blank c0b1def6dfee051_13 x fill in the blank c0b1def6dfee051_14 % | fill in the blank c0b1def6dfee051_15 | |
| fill in the blank c0b1def6dfee051_17 | fill in the blank c0b1def6dfee051_18 |
3. What if 70 percent of the materials were added at the beginning of the process and 30 percent were added at the end of the process (all ingredients used are treated as the same type or category of materials)? How many equivalent units of materials would there be? fill in the blank 069a2701cff6008_1 equivalent units
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