Question

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*	10,300
Units completed and transferred out	87,000
Units in process, July 31, 90% complete*	15,200
* 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)
Units started during July
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 (90% complete)
Total units accounted for

Feedback

Partially correct

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
Add: Units in ending work in process × Percentage complete:
x %
x %
Equivalent units of output

Feedback

There is no requirement to calculate the work needed to complete the units in BWIP. All BWIP units are treated the same way as the units that were started and completed.

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
Conversion Costs

Answer 1

Solution: