The Evanston plant of Fit-for-Life Foods Corporation produces low-fat salad dressing. The following data pertain to the year just ended: Work in process, January 1 Work in process, December 31 Units 27,000 lb. 23,000 lb. Percentage of Completion Direct Material Conversion 75% 50% 80% 20% During the year, the company started 176,000 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 Conve % % 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 Convel % % Total units to account for 0 % % % % 0 Total units accounted for Total equivalent units 0