Fleming fleming and johnson a local cpa firm rpvided the

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Reference no: EM13583052

Fleming, Fleming and Johnson, a local CPA firm, rpvided 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 cost $5,500

required:

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 affectt the physical flow schedule? The equivalent units schedule?

Reference no: EM13583052

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