ces Saved 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: 6%, conversion: 40%) Work-in-process inventory, December 31 (direct materials: 78%, conversion: 68%) During the year the company started 217,500 units in production. Required: 1. Prepare a physical flow schedule. 42,200 units 21,100 units 2. Compute the number of equivalent units of both direct materials and conversion for the year, using the weighted average method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a physical flow schedule. Quantity Schedule (in units) Input Work-in-process inventory 42.200 Units started 217,500 Total units to account for 259,700 Output Units completed 238.600 Work-in-process inventory 21,100 Total units accounted for 259.700 Required 2 >