The production of Bienestar's antihistamine product begins in the Blending Depart- ment. All materials are added at the beginning of the blending process. Output is measured in ounces. The production data for May are as follows: Production: Units in process, May 1, 70% complete Units completed and transferred out Units in process, May 31, 40% complete 15,000 90,000 30,000 With respect to convenion cos Why: The physical flow schedule traces the units in process regardless of their stage of completion and provides the information needed for preparing the equivalent units schedule, FIFO uses only current output to calculate the current-period unit cost. Thus, FIFO treats the work (equivalent output) in BWIP as belonging to the prior period and only counts the work (equivalent output for cach input) done this period as part of this period's output. Required: 1. Prepare a physical flow schedule for May (Step 1). 2. Prepare an cquivalent units schedule for May using the FIFO method (Step 2). 3. What if 80 percent of the materials were added at the beginning of the process and 20 percent were added at the end of the process (assume the same type of materials)? How many equivalent units of materials would there be?