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 proces Units started Units completed Units, ending work in process (50% complete) Total production costs 0 7,000 5,000 1,000 $5,500 A. Prepare a physical flow schedule. Prepare an equivalent units schedule. Explain why output is measured in equivalent units. B