Physical Flow and Equivalent Units with EWIP 6,100 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 Units, ending work in process (50% complete) Total production costs Required: 4,600 1,500 $6,500 1. Prepare a physical flow schedule. If an amount is zero, enter "0". Fleming, Fleming, and Johnson Physical Flow Schedule Units to account for: Units in BWIP Units started Total units to account for Units accounted for: Units completed: Units started Started and completed Units in EWIP Total units accounted for 2. Prepare an equivalent units schedule. Fleming, Fleming, and Johnson Equivalent Units Schedule Units completed Units in EWIP * Fraction complete: Equivalent units 3. What if EWIP is 70 percent complete? How would this change affect the physical flow schedule? The equivalent units schedule? Changing the degree of completion the physical flow schedule. However, the equivalent units schedule There would now be equivalent units for EWIP, the total output for the period to