Southern Brooklyn 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%) 35,000 units

Work-in-process inventory, December 31

(direct materials: 70%, conversion: 60%) 17,500 units

During the year the company started 216,000 units in production.

Required:

1. Conduct 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.

Required Part 1

Conduct a physical flow schedule.

Quantity Schedule (in units)

Input _______________________

Work-in-process inventory _______________________

Conduct a physical flow schedule.________________________

Units started _________________________

Total units to account for __________________________

Output ___________________________________________________________________________________________________________________________________________

Units completed _________________________

Work-in-process inventory __________________________

Total units accounted for______________________

Required Part 2

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 __________________