2. Compute equivalent units using the weighted average method.

Weighted average method:	Equivalent Units
Direct Materials
Conversion Costs

3. Compute equivalent units using the FIFO method.

FIFO method:	Equivalent Units
Direct Materials
Conversion Costs

Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: a. All materials are added at the beginning of the process. b. Beginning work in process had 85,500 units, 35 percent complete with respect to conversion costs. C. Ending work in process had 19,800 units, 35 percent complete with respect to conversion costs. d. Started in process, 91,900 units. Required: 1. Prepare a physical flow schedule. Heap Company Physical Flow Schedule Units to account for: Units, beginning work in process Units started Total units to account for Units accounted for: Units completed and transferred out: Started and completed From beginning work in process Units, ending work in process Total units accounted for