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 6,000 Units completed 5,000 Units, ending work in process (50% complete) 1,000 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: Total units to account for Units accounted for: Units completed: Total units accounted for

2. Prepare an equivalent units schedule. Fleming, Fleming, & Johnson Equivalent Units Schedule Units in EWIP Fraction complete:

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______ .