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)16,000Units started44,000Total units to account for60,000Units accounted for:Units completed:From BWIP16,000Started and completed36,00052,000Units, EWIP (75% complete)8,000Total units accounted fo a schedule of equivalent units using the FIFO method.

Doodle a Lawson CompanySchedule of equivalent units(FIFO method)Units started and completedUnits in BWIP x fraction to be completed:Units in EWIP x fraction complete:Equivalent units of output