Unit Information with BWIP, FIFO Method
Production:
Units in process, July 1, 60\%
complete* 10,700
Units completed and
transferred out
Units in process, July 31,
90\% complete*
* With respect to conversion costs.
Required:
1. Prepare a physical flow schedule for July.
2. Prepare an equivalent units schedule for July using the FIFO method. Enter percentages as whole numbers. If an amount box does not require an entry, enter "0".
Jackson Products Equivalent Units Schedule
Direct Materials Conversion Costs
Add: Units in beginning work in process \( \times \) Percentage to complete:
x
\( \square x \) \( x \quad \% \)
Add: Units in ending work in process \( \times \) Percentage complete:
\( \quad \times \) \% \% equivalent units