(Appendix 6A) First-In, First-Out Method; Equivalent Units Lawson Company produces a product where all manufacturing inputs are applied uniformly. Lawson produced the following physical flow schedule for March: Units to account for: Units in BWIP (40% complete) 14,000 Units started 40,000 Total units to account for 54,000 Units accounted for: Units completed: From BWIP 14,000 Started and completed 33,000 47,000 Units, EWIP (75% complete) 7,000 Total units accounted for 54,000 Required: Prepare a schedule of equivalent units using the FIFO method. Lawson Company Schedule of equivalent units Lawson Company Schedule of equivalent units (FIFO method) Units started and completed Units in BWIP x fraction to be completed: Units in EWIP x fraction complete: Equivalent units of output