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% 60% 80% 15% Units 45,000 lb. 39,000 lb. Work in process, January 1 Work in process, December 31 During the year, the company started 174,000 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 % % Work in process, January 1 Units started during the year Total units to account for % % Unit completed and transferred out during the year Work in process, December 31 % % Total units accounted for 0 Total equivalent units 0 0