Physical Flow and Equivalent Units with EWIP Fleming, Fleming, and Garcia, 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 6,100 Units completed 5,000 Units, ending work in process (50% complete) 1,100 Total production costs $6,000 1. Prepare a physical flow schedule. If an amount is zero, enter "0". Fleming, Fleming, and Garcia Physical Flow Schedule Units to account for: Units in BWIP Units started Total units to account for Units accounted for: Units completed: From BWIP Started and completed Units in EWIP Total units accounted for 2. Prepare an equivalent units schedule. Fleming, Fleming, and Garcia Equivalent Units Schedule Units completed Units in EWIP x Fraction complete: Equivalent units 3. What if EWIP is 70 percent complete? How would this change affect the physical flow schedule? The equivalent units schedule? Changing the degree of completion does not affect the total output for the period to the physical flow schedule. However, the equivalent units schedule is affected There would now be equivalent units for EWIP, increasing