Unit Information with BWIP, FIFO Method

Jackson Products produces a barbeque sauce using threedepartments: Cooking, Mixing, and Bottling. In the CookingDepartment, all materials are added at the beginning ofthe process. Output is measured in ounces. The production data forJuly are as follows:

Production:
Units in process, July 1, 70% complete*	10,100
Units completed and transferred out	81,000
Units in process, July 31, 90% complete*	15,600
* With respect to conversion costs.

Required:

1. Prepare a physical flow schedule forJuly.

Jackson Products

Physical Flow Schedule

For the Month of July

Units to account for:
Started and completed Units, beginning work is process (70% complete) Units in ending work in process (90% complete)
Started and completed Units in ending work in process (90% complete) Units started during July
Total units to account for
Units accounted for:
Units completed and transferred out:
From beginning work is process Started and completed Units started during July
From beginning work in process Units started during July
Units in ending work in process (90% complete) Units started during July
Total units accounted for

2. Prepare an equivalent units schedule forJuly using the FIFO method. Enter percentages as whole numbers. Ifan amount box does not require an entry, enter "0".

Jackson Products
Equivalent Units Schedule

	Direct Materials	Conversion Costs
Equivalent units of output Units started and completed
Add: Units in beginning work in process × Percentage tocomplete:
x %
x %
Add: Units in ending work in process × Percentagecomplete:
x %
x %
Equivalent units of output Units started and completed

3. What if 60 percentof the materials were added at the beginning of the process and 40percent were added at the end of the process (all ingredients usedare treated as the same type or category of materials)? How manyequivalent units of materials would there be?
equivalent units