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Ending work-in-process (EWIP), 283, incomplete units on hand at the end of a period. The work and costs assigned to these partially completed units are carried over to the next period. Equivalent units of output, 284, complete units that could have produced, given the total amount of manufacturing effort expended during the period. FIFO costing method, 286, a process-costing method that separates units in beginning inven. tory from those produced during the current period. Unit costs include only current period costs and production. Parallel processing, 279, a processing pattern in which two or more sequential processes are required to produce a finished product. Physical flow schedule, 288, a schedule that reconciles units to account for with units accounted for. The units are not adjusted for percent of completion. Production report, 281, a document that summarizes the manufacturing activity that takes place in a process department for a given period of time. Sequential processing, 278, a processing pattern in which units pass from one process to another in a set (sequential order. Transferred-in costs, 281, costs transferred from a prior process to a subsequent process. Weighted average costing method, 286, a process-costing method that combines beginning inventory costs with current period costs to compute unit costs. Costs and output from the current period and the prior period are averaged to compute unit costs. n9 I. Process Costing Springville Company, which uses the weighted average method, produces a product that passes through two departments: blending and cooking. In the blending department, all materials are added at the beginning of the process. All other manufacturing inputs are added uniformly. The following information pertains to the blending department for February: a. BWIP, February 1: 100,000 pounds, 40% complete with respect to conversion costs. The costs assigned to this work are as follows: Materials $20,000 10,000 Overhead 30,000 Labor b. EWIP, February 28:50,000 pounds, 60% complete with respect to conversion costs. c. Units completed and transferred out: 370,000 pounds. The following costs were added during the month Materials $211,000 Labor 100,000 Overhead 270,000 Required: 1. Prepare a physical flow schedule, 2. Prepare a schedule of equivalent units. 3. Compute the cost per equivalent unit. 4. Compute the cost of goods transferred out and the cost of EWIP. 5. Prepare a cost reconciliation