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, Danuary 1 (direct materials: 60%, conversion: 40%) Work-in-process inventory, December 31 (direct materials: 70%, conversion: 60%) During the year the company started 192,500 units in production. Required: 1. Prepare a physical flow schedule. 36,800 units 18,400 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. Input Quantity Schedule (in units) Work-in-process inventory Units started Total units to account for Output Units completed Work-in-process inventory Total units accounted for Required 2 >