(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)	17,000
Units started	45,000
Total units to account for	62,000
Units accounted for:
Units completed:
From BWIP	17,000
Started and completed	37,000
	54,000
Units, EWIP (75% complete)	8,000
Total units accounted for	62,000

Required:

Prepare a schedule of equivalent units using the FIFO method.

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