Squeeze Ltd produces low-fat salad dressing. The following data relate to the year just ended: Percentage of completion Units Direct material Conversion Work in process, 1 January 40 000 litres 60% 40% Work in process, 31 December 30 000 litres 70% 20% During the year the company started 200 000 litres of material in production. Required: Prepare a schedule analysing the physical flow of units and calculating the equivalent units of both direct material and conversion for the year. Use weighted average process costing