Fleming fleming and johnson a local cpa firm provide the

Reference no: EM13583096

Fleming, fleming, and Johnson, a local CPA firm, provide the following data for individual returns processed for March (outputs is measured in number of returns):

Units, beginning work in process ---
Units started 6,000
Units completed 5,000
Units, ending in work in process (50% complete) 1,000
Total Production costs $5,500

1. Prepare a physical flow schedule

2. Prepare an equivalent units schedule. Explain why output is measured in equivalent units.

3. What if EWIP is 80 percent complete? How would this change affect the physical flow schedule? The equivalent units schedule?

Reference no: EM13583096

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Fleming fleming and johnson a local cpa firm provide the

Reference no: EM13583096

Reference no: EM13583096

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