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% 75% 30% Units 43,000 lb. 37,000 lb. Work in process, January 1 Work in process, December 31 During the year, the company started 142,000 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 43,000 80% Work in process, January 1 Unit completed and transferred out during the year Total units to account for 43,000 Total units accounted for Total equivalent units 0 0