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 UnitsD 46,800 1b 40,800 lb. Direct Material Conversion Work in process, January 1 Work in process, December 31 80% 78% 58% 28% 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 Direct Conversion Material Material Conversion Direct Units Material Conversion