ces The Evanston plant of Fit-for-Life Foods Corporation produces low-fat salad dressing. The following data pertain to the year just ended. Work in process, January 1 Work in process, December 31 Units 25,000 lb. Percentage of Completion Direct Material 751 Conversion 60% 21,000 lb. 60 25% During the year, the company started 144,000 pounds of material in production. 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 Total units to account for Total units accounted for Total equivalent units Percentage of Completion Equivalent Units Physical Units Direct Material Conversion Direct Material Conversion % %