1. Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units

   Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September:

   1. All materials are added at the beginning of the process.
   2. Beginning work in process had 80,000 units, 30 percent complete with respect to conversion costs.
   3. Ending work in process had 17,000 units, 25 percent complete with respect to conversion costs.
   4. Started in process, 95,000 units.

   Required:

   1. Prepare a physical flow schedule.

   Heap Company
   Physical Flow Schedule
   Units to account for:
   Started and completed Units, beginning work in process Units, ending work in process
   Units completed Units, ending work in process Units started Units transferred out
   Total units to account for
   Units accounted for:
   Units completed and transferred out:
   Started and completed Units completed Units started Units transferred out
   From beginning work in process Units completed Units started Units transferred out
   Units completed Units, ending work in process Units started Units transferred out
   Total units accounted for

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   2. Compute equivalent units using the weighted average method.

   Weighted average method:	Equivalent Units
   Direct Materials
   Conversion Costs

   3. Compute equivalent units using the FIFO method.

   FIFO method:	Equivalent Units
   Direct Materials
   Conversion Costs