Lawson Company produces a product where all manufacturing inputs are applied uniformly. Lawson produced the following physical flow schedule for March:
Units to account for:
Units in BWIP (40 percent complete) .......15,000
Units started .................35,000
Total units to account for ............50,000
Units accounted for: Units completed:
From BWIP ..................10,000
Started and completed .............32,000
42,000
Units, EWIP (75 percent complete) ........ 8,000
Total units accounted for ..............50,000
Required:
Prepare a schedule of equivalent units using the FIFO method.