Unit Information with BWIP, Weighted Average Method Jackson Products produces a barbeque sauce using three...
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Accounting
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, 60% complete* | 10,800 |
Units completed and transferred out | 80,000 |
Units in process, July 31, 90% complete* | 15,300 |
* 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: | ||
Units, beginning work is process (60% complete) | fill in the blank cff46bfa0050ff5_2 | |
Units started during July | fill in the blank cff46bfa0050ff5_4 | |
Total units to account for | fill in the blank cff46bfa0050ff5_5 | |
Units accounted for: | ||
Units completed and transferred out: | ||
Started and completed | fill in the blank cff46bfa0050ff5_7 | |
From beginning work in process | fill in the blank cff46bfa0050ff5_9 | fill in the blank cff46bfa0050ff5_10 |
Units in ending work in process (90% complete) | fill in the blank cff46bfa0050ff5_12 | |
Total units accounted for | fill in the blank cff46bfa0050ff5_13 |
Feedback
Partially correct
2. Prepare an equivalent units schedule for July using the weighted average method. Enter percentages as whole numbers.
Direct Materials | Conversion Costs | |
Units completed | fill in the blank fa1d1dfdffb003a_1 | fill in the blank fa1d1dfdffb003a_2 |
Add: Units in ending work in process Percentage complete: | ||
fill in the blank fa1d1dfdffb003a_3 x fill in the blank fa1d1dfdffb003a_4 % | fill in the blank fa1d1dfdffb003a_5 | |
fill in the blank fa1d1dfdffb003a_6 x fill in the blank fa1d1dfdffb003a_7 % | fill in the blank fa1d1dfdffb003a_8 | |
Equivalent units of output | fill in the blank fa1d1dfdffb003a_9 | fill in the blank fa1d1dfdffb003a_10 |
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