Physical Flow and Equivalent Units with EWIP 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 6,100 Units completed 5,300 Units, ending work in process (50% complete) 800 Total production costs $5,500 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: DI Total units to account for Units accounted for: Units completed: Units accounted for: Units completed: Total units accounted for 2. Prepare an equivalent units schedule. Fleming, Fleming, and Johnson Equivalent Units Schedule Units in EWIP x Fraction complete: 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