Physical Flow and Equivalent Units with EWIP

Fleming, Fleming, and Garcia, 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 $6,900$

Units completed $5,100$

Units, ending work in process $(50\%$ complete$)1,800$

Total production costs $$5,500$

Required:

Question Content Area

$1.$ Prepare a physical flow schedule. If an amount is zero, enter $"0".$

blank

Fleming, Fleming, and Garcia

Physical Flow Schedule

Units to account for:

$-$ Select $-$

$-$ Select $-$

Total units to account for fill in the blank $162$da$3015$f$92$fa$7\_5$

Units accounted for:

Units completed:

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Total units accounted for fill in the blank $162$da$3015$f$92$fa$7\_13$

Question Content Area

$2.$ Prepare an equivalent units schedule.

blank

Fleming, Fleming, and Garcia

Equivalent Units Schedule

$-$ Select $-$

Units in EWIP $\backslash$times Fraction complete: fill in the blank af$3$e$99$ff$105$a$03$b$\_3$

$-$ Select $-$

Question Content Area

$3.$ What if EWIP is $90$ 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 fill in the blank $3$c$1$b$5$b$043$fb$0$fc$2\_3$

equivalent units for EWIP,

the total output for the period to fill in the blank $3$c$1$b$5$b$043$fb$0$fc$2\_5$