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.

The Milwaukee plant of Healthy Life Styles, Inc. produces low-fat salad dressing. The following data pertain to the year just ended.

		Percentage of Completion
	Units	Direct Material	Conversion
Work in process, January 1	32,000 gal.	70%	60%
Work in process, December 31	27,000 gal.	70%	30%

During the year the company started 172,000 gallons 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.

The Milwaukee plant of Healthy Life Styles, Inc. produces low-fat salad dressing. The following data pertain to the year just ended.

		Percentage of Completion
	Units	Direct Material	Conversion
Work in process, January 1	32,000 gal.	70%	60%
Work in process, December 31	27,000 gal.	70%	30%

During the year the company started 172,000 gallons 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.