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, 70% complete*	10,700
Units completed and transferred out	83,000
Units in process, July 31, 80% complete*	15,000
* 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:
Started and completedUnits, beginning work is process (70% complete)Units in ending work in process (80% complete)Units, beginning work is process (70% complete)		Units, beginning work is process (70% complete)
From beginning work in processUnits in ending work in process (80% complete)Units started during JulyUnits started during July		Units started during July
Total units to account for		fill in the blank 328f2b002fb5015_5
Units accounted for:
Units completed and transferred out:
From beginning work in processStarted and completedUnits started during July	- Select -
From beginning work in processUnits started during July	- Select -	- Select -
From beginning work in processUnits in ending work in process (80% complete)Units started during July		- Select -
Total units accounted for		fill in the blank 328f2b002fb5015_13

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 31ac8a00a016f80_1	fill in the blank 31ac8a00a016f80_2
Add: Units in ending work in process Percentage complete:
fill in the blank 31ac8a00a016f80_3 x fill in the blank 31ac8a00a016f80_4 %	fill in the blank 31ac8a00a016f80_5
fill in the blank 31ac8a00a016f80_6 x fill in the blank 31ac8a00a016f80_7 %		fill in the blank 31ac8a00a016f80_8
Equivalent units of output	fill in the blank 31ac8a00a016f80_9	fill in the blank 31ac8a00a016f80_10

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	fill in the blank d25632f81f99f92_1
Conversion Costs	fill in the blank d25632f81f99f92_2