Fleming, and Johnson, a local CPA firm, provided the following data for individual returns processed for March (output is measured in a number of returns):

Units, beginning work in the process	—
Units started	6,900
Units completed	5,100
Units, ending work in process (50% complete)	1,800
Total production costs	$7,500

Required:

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

2. Prepare an equivalent unit schedule.

Fleming, Fleming, and Johnson
Equivalent Units Schedule
Units in EWIP × Fraction complete:

3. Whatif EWIP is 90 percent complete? How would this change affect the physical flow schedule? The equivalent units schedule?

Changing the degree of completion of the physical flow schedule. However, the equivalent units are scheduled. There would now be equivalent units for WIP, the total output for the period.