Question

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* 10,100 Units completed and transferred out 83,000 Units in process, July 31, 80% complete* 15,600 * 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 (70% complete) Units started during July ✓ 10,100 15,600 X Total units to account for Units accounted for: Units completed and transferred out: Started and completed From beginning work in process Units in ending work in process (80% complete) ✓ 15,600 Total units accounted for

Answer 1

Solution

Physical flow schedule
Units to account for:
Units, beginning work in process (70% complete)		10100
Units started during july		88500
Total units to account for		98600
Units accounted for
Units completed and transferred out
Started and completed	72900
From beginning work in process	10100	83000
Units in ednig work in process (80% complete)		15600
Total units accounted for		98600

.

What if 60 percent of the materials……………………………..would there be?
83180	Equivalent units

.

Working

STEP 1 (FIFO)
Reconciliation of Units
	Units	% already completed	% completed this period
	Material		Material
Beginning WIP	10,100	60%		40%
Units introduced	88,500
Total units to be accounted for	98,600
Completed and Transferred unit	83,000	0%		100%
Ending WIP	15,600	0%		40%

.

STEP 2 (FIFO)
Equivalent Units
	Total Units	Material
Units Transferred:	% completed this period	Equivalent Units
From WIP	10,100	40%	4,040
From units started/Introduced	72,900	100%	72,900
Total	83,000		76,940
	Total Units	Material
Ending WIP		% completed this period	Equivalent Units
Total	15,600	40%	6,240
Total EUP	98,600		83,180