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	6,000
Units completed	5,300
Units, ending work in process (50% complete)	700
Total production costs	$7,000

Required:

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1. Prepare a physical flow schedule. If an amount is zero, enter "0".

Units to account for:
Units in BWIPUnits in EWIP		fill in the blank
Started and completedUnits in EWIPUnits started		fill in the blank
Total units to account for		fill in the blank
Units accounted for:
Units completed:
From BWIPUnits in BWIPUnits started	fillintheblank
Started and completedUnits in BWIPUnits started	fillintheblank	fillintheblank
Units in BWIPUnits in EWIPUnits started		fillintheblank
Total units accounted for		fillintheblank

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2. Prepare an equivalent units schedule.

Equivalent unitsUnits completed	fill in the blank
Units in EWIP Fraction complete:	fill in the blank
Equivalent unitsUnits completed	fill in the blank

3. What if EWIP is 90 percent complete? How would this change affect the physical flow schedule? The equivalent units schedule?

Changing the degree of completion (affectdoes not affect) the physical flow schedule. However, the equivalent units schedule (is affectedis not affected). There would now be (fillintheblank_______ ) equivalent units for EWIP, (increasingdecreasing) the total output for the period to (fill in the blank ____).