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27 July, 14:08

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 * 10,000 Units completed and transferred out 80,000 Units in process, July 31, 80% complete * 15,000 * With respect to conversion costs.

Required: Prepare a physical flow schedule for July. Prepare an equivalent units schedule for July using the FIFO method. What if 60 percent of the materials were added at the beginning of the process and 40 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?

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  1. 27 July, 14:43
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    physical flow schedule is express as

    Explanation:

    physical flow schedule is express as

    Quantities Physical Units in Gallons Material Conversion

    Units to be accounted

    Work in process July 1 10,600

    (Direct Material - 100%,

    Conversion Cost - 70%)

    Started into production 87,800

    (98,400 Units - 10600 Units)

    Total units 98,400

    Units accounted for

    Transferred out 83,000 83,000 83,000

    Work in process, July 31 15,400 15,400 10,780

    (Direct Material - 100%,

    Conversion Cost - 90%)

    Total units accounted for 98,400 98,400 93,780

    and

    Material Conversion

    Units Both Started & 72,400 72,400

    Completed During July

    Units in Beginning WIP *

    Percentage to Complete

    Material = 10,600 * 0% 0

    Conversion = 10,600 * 30% 3180

    Units in Ending WIP * Percentage Complete

    Material = 15,400 * 100% 15400

    Conversion - 15,400 * 90% 13860

    Equivalent Unit Under FIFO Method 87,800 89,440

    ( = 72,400 + 15400 = 87,800

    = 72,400 + 3180 + 13860 = 89,440)

    and

    Material

    Units Both Started & Completed During July 72,400

    Units in Beginning WIP *

    Percentage to Complete

    Material = 10,600 * 40% 4240

    Units in Ending WIP * Percentage Complete

    Material = 15,400 * 60% 9240

    Equivalent Unit Under FIFO Method 85,880

    72,400 + 4240 + 9240 = 85,880
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