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:

Question Content Area

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

Units to account for:
Units in BWIPUnits in EWIP		- Select -
Started and completedUnits in EWIPUnits started		- Select -
Total units to account for		fill in the blank fd38cc054042f8b_5
Units accounted for:
Units completed:
From BWIPUnits in BWIPUnits started	- Select -
Started and completedUnits in BWIPUnits started	- Select -	- Select -
Units in BWIPUnits in EWIPUnits started		- Select -
Total units accounted for		fill in the blank fd38cc054042f8b_13

Question Content Area

2. Prepare an equivalent units schedule.

Equivalent unitsUnits completed	- Select -
Units in EWIP Fraction complete:	fill in the blank 89f25e03ff90075_3
Equivalent unitsUnits completed	- Select -

Question Content Area

3. 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

affectdoes not affect

the physical flow schedule. However, the equivalent units schedule

is affectedis not affected

. There would now be fill in the blank 3934c7f67fa0055_3 equivalent units for EWIP,

increasingdecreasing

the total output for the period to fill in the blank 3934c7f67fa0055_5.

Check My Work