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	4,600
Units, ending work in process (50% complete)	1,900
Total production costs	$5,000

Required:

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

Fleming, Fleming, and Johnson
Physical Flow Schedule
Units to account for:
Units in BWIP
Total units to account for
Units accounted for:
Units completed:
Total units accounted for

2. Prepare an equivalent units schedule.

Fleming, Fleming, and Johnson
Equivalent Units Schedule
Units in EWIP Fraction complete:

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 the physical flow schedule. However, the equivalent units schedule . There would now be equivalent units for EWIP, the total output for the period to .