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 4,500 Units, ending work in process (50% complete) 2,000 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: Total units to account for Units accounted for: Units completed: 1. Prepare a physical flow schedule. If an amount is zero, enter "0". Fleming, Fleming, and Johnson Physical Flow Schedule Units to account for: 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 x Fraction complete: 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 x Fraction complete: 3. What if EWIP is 70 percent complete? How would this change affect the physical flow schedule? The equivalent units schedule? . There Changing the degree of completion would now be equivalent units for EWIP, the physical flow schedule. However, the equivalent units schedule the total output for the period to