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$)$:

Required:

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

Fleming, Fleming, and Garcia

Physical Flow Schedule

Units to account for:

Total units to account for

Units accounted for:

Units completed:

Total units accounted for

Total units accounted for

Prepare an equivalent units schedule.

Fleming, Fleming, and Garcia

Equivalent Units Schedule

Units in EWIP $$ Fraction complete:

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

the physical flow schedule. However, the equivalent units schedule