The Evanston plant of Fit-for-Life Foods Corporation produces low-fat salad dressing. The following data pertain to the year just ended. Percentage of Completion Direct Material conversion 80% 50% 70% 20% Units 46,000 lb. 40,000 lb. Work in process, January 1 Work in process, December 31 During the year, the company started 150,000 pounds 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. CALCULATION OF EQUIVALENT UNITS: FIT-FOR-LIFE FOODS CORPORATION Weighted Average Method Percentage of Completion Equivalent Units Physical Units Direct Material Conversion Direct Material Conversion Total units to account for Total units accounted for Total equivalent units