4 The Evanston plant of Fit-for-Life Foods Corporation produces low-fat salad dressing. The following data pertain to the year just ended. 4.54 points Percentage of Completion Direct Material Conversion 60% 50% 75% 25% Units 18,000 lb. 15,000 lb. Work in process, January 1 Work in process, December 31 eBook During the year, the company started 105,000 pounds of material in production. References Required: Prepare a schedule analyzing the physical flow of units and computing the equivalent units of both direct material and conversion for the year. Use weighted average process costing. CALCULATION OF EQUIVALENT UNITS: FIT-FOR-LIFE FOODS CORPORATION Weighted-Average Method Percentage of Completion Equivalent Units Physical Units Direct Material Conversion Direct Material Conversion % % Total units to account for % % % % Total units accounted for Total equivalent units