Exercise 4-19 The Evanston plant of Fit-for-Life Foods Corporation produces low-fat salad dressing. The following Physical Flow and Equivale data pertain to the year just ended. Units; Weighted-Average (LO 4-1, 4-3) Percentage of Completion Units Direct Material Conversion Work in process, January 1 20,000 lb. 80% 60% Work in process, December 31 15,000 lb. 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