2 ats Northern Washington Lumber Company grows, harvests, and processes timber for use as building lumber. The following data pertain to the company's sawmill: Work-in-process inventory, January 1 (direct materials: 60%, conversion: 40%) 42,00 units Work-in-process inventory, December 31 (direct materials: 70%, conversion: 60%) 21.000 units During the year the company started 223,000 units in production Required: 1. Prepare a physical flow schedule 2. Compute the number of equivalent units of both direct materials and conversion for the year, using the weighted-average method -Doo ferences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of equivalent units of both direct materials and conversion for the year, using the weighted average method