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 6,000 Units completed 5,000 Units, ending work in process (50% complete) 1,000 Total production costs $5,500 Required: 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 6,000 V Total units to account for 6,000 Units accounted for: Units completed: From BWIP 0 Started and completed 800 X 800 X Units in EWIP V 800 X Total units accounted for 6,000 Feedback Check My Work 1. A physical flow schedule shows the units to account for and what happened to them. 2. Prepare an equivalent units schedule. Fleming, Fleming, and Garcia Equivalent Units Schedule Units completed 800 X Units in EWIP x Fraction complete: 800 X Equivalent units 5,500 Feedback3. What if EWIP is 80 percent complete? How would this change affect the physical flow schedule? The equivalent units schedule? Changing the degree of completion does not affect the physical flow schedule. However, the equivalent units schedule is affected V . There would now be 800 v equivalent units for EWIP, increasing V the total output for the period to 800 X . Feedback