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
	Units		Direct Material			Conversion
Work in process, January 1	34,000	lb.		70	%		60	%
Work in process, December 31	29,000	lb.		60	%		20	%

During the year, the company started 115,000 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