Golding Inc. just finished its second month of operations. Golding mass-produces integrated circuits. The following production information is provided for December: Units in process, December 1, 80% complete 160,000 Units completed and transferred out 760,000 Units in process, December 31, 60% complete 120,000 Required: Prepare a physical flow schedule. Golding Inc. Physical Flow Schedule For December Physical flow schedule: Units in beginning WIP Units started during the period Total units to account for 128,000 X 490,000 X 570,000 X Units completed and transferred out: Units started and completed 430,000 X From beginning work in process 80,000 X 510,000 X Units in ending WIP 60,000 X Total units accounted for 570,000 X