Equivalent Unit Calculation Units Material Conversion Units completed Equivalent units Ending WIP TotalExercise 3-16 The Sacramento plant of Espresso Food Corporation produces a gourmet cheese. The following data peltain to the year ended December 31, 2017: Work in process, January 1 49,300 lb 65% 80% Work in process, December 31 58,200 lb 85% 45% During the year, the company started 216,700 pounds of material into production. Prepare a schedule analyzing the physical flow of units and computing the equivalent units for both direct material and conversion c0513 for the year