Question
Cornerstone Exercise 6.3 (Algorithmic) Physical Flow and Equivalent Units with EWIP Fleming, Fleming, and Johnson, a local CPA firm, provided the following data for individual
Cornerstone Exercise 6.3 (Algorithmic) 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 6,000 Units completed 4,900 Units, ending work in process (50% complete) 1,100 Total production costs $7,000 Required: Hide 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 Hide 2. Prepare an equivalent units schedule. Fleming, Fleming, and Johnson Equivalent Units Schedule Units in EWIP Fraction complete:
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