EXERCISE 4-19 (20 MINUTES) The Evanston plant of Fit-for-Life Foods Corporation produces low-fat salad dressing. The following Physical Flow and Equivalent Exercise 4-19 data pertain to the year just ended. Units: Weighted Average (L0 41,43) Percentage of Completion Units Direct Material Conversion Work in process, January 1. 20,000 80% 60% Work in process, December 31 15,000 70% 30% During the year, the company started 120,000 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