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 Units completed 6,000 5,000 1,000 Units, ending work in process (50% complete) Total production costs $5,500 Required: 1. Prepare a physical flow schedule. If an amount is zero, enter "0". Fleming, Fleming, & Johnson Physical Flow Schedule Units to account for: Units in BWIP 0 Units started 6,000 Total units to account for 6,000 Units accounted for: Units completed: From BWIP Started and completed o 5,000 5,000 Units in EWIP 1,000 Total units accounted for 6,000 Feedback Check My Work 1. A physical flow schedule shows the units to account for and what happened to them. 2. Prepare an equivalent units schedule. . Fleming, Fleming, & Johnson Equivalent Units Schedule Units completed 5,000 800 x Units in EWIP x Fraction complete: Equivalent units 5,800 x Feedback Check My Work 3. What if EWIP is 80 percent complete? How would this change affect the physical flow schedule? The equivalent units schedule? Changing the degree of completion does not affect the physical flow schedule. However, the equivalent units schedule is affected. There would now be equivalent units for EWIP, increasing the total output for the period to