Question: Cornerstone Exercise 6.3 (Algorithmic) Physical Flow and Equivalent Units with EWIP Fleming, Fleming, and Johnson, a local CPA firm, provided the following data for individual
Cornerstone Exercise 6.3 (Algorithmic) Physical Flow and Equivalent Units with EWIP Fleming, Fleming, and Johnson, a local CPA firm, provided the following data for individual returns processed for March (output is measured in number of returns): Units, beginning work in process Units started 6,800 Units completed 5,500 Units, ending work in process (50% complete) 1,300 Total production costs $7,000 Required: Hide 1. Prepare a physical flow schedule. If an amount is zero, enter "0". Fleming, Fleming, and Johnson Physical Flow Schedule Units to account for: Total units to account for Units accounted for: Units completed: Total units accounted for Hide Feedback Partially Correct Check My Work Feedback 1. A physical flow schedule shows the units to account for and what happened to them. Hide 2. Prepare an equivalent units schedule. Fleming, Fleming, and Johnson Equivalent Units Schedule Units in EWIP Fraction complete:
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