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

$6,500$

Units completed

$4,900$

Units, ending work in process $(50\%$ complete$)1,600$

Total production costs

$$8,000$

Required:

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

Fleming, Fleming, and

Johnson

Physical Flow Schedule$]$

Prepare an equivalent units schedule.

Fleming, Fleming, and Johnson Equivalent Units Schedule