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, January 1 (direct materials: 60%, conversion: 40%) Work-in-process inventory, December 31 (direct materials: 70 %, conversion: 60%) During the year the company started 194,000 units in production. Required: 1. Prepare a physical flow schedule. 35,200 units 17,600 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 Compute the number of equivalent units of both direct materials and conversion for the year, using the weighted-average method. Direct materials Conversion Equivalent Units < Required 1 Required 2 >