Northern Washington Lumber Company grows, harvests, and processes timber for use as building lumber. The following data pertain to the companys sawmill:

Work-in-process inventory, January 1 (direct materials: 60%, conversion: 40%)	46,400 units
Work-in-process inventory, December 31 (direct materials: 70%, conversion: 60%)	23,200 units

During the year the company started 190,000 units in production.

Required:

1. Prepare a physical flow schedule.

2. Compute the number of equivalent units of both direct materials and conversion for the year, using the weighted-average method.

Prepare a physical flow schedule.

Compute the number of equivalent units of both direct materials and conversion for the year, using the weighted-average method.

	Equivalent Units
Direct materials
Conversion

Quantity Schedule (in units)
Input
Work-in-process inventory
Units started
Total units to account for
Output