Physical How and Equivalent Units with EWIP Flemini. Feming. and Johnson, a local CPA firm, provided the followirig data for individual returns processed for March (output is measured in number of returns): 1. Prepare a physical flow schedule. If an amount is zero, enter "0", 3 more ched Mr Wick ises remaining 2. Prepare an equivalent units schedule. 3. What if EWIP is 90 percent completifis How would this change affect the physical flow schedule? The equivalent units schedule? Chatging 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