1. Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units

   Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September:

   1. All materials are added at the beginning of the process.
   2. Beginning work in process had 90,300 units, 20 percent complete with respect to conversion costs.
   3. Ending work in process had 12,900 units, 20 percent complete with respect to conversion costs.
   4. Started in process, 98,200 units.

   Required:

   1. Prepare a physical flow schedule.

   Heap Company
   Physical Flow Schedule
   Units to account for:
   Total units to account for
   Units accounted for:
   Units completed and transferred out:
   Total units accounted for

   2. Compute equivalent units using the weighted average method.

   Weighted average method:	Equivalent Units
   Direct Materials
   Conversion Costs

   3. Compute equivalent units using the FIFO method.

   FIFO method:	Equivalent Units
   Direct Materials
   Conversion Costs