The following data pertain to 2022. Work in process, January 1 Work in process, December 31 Units 20,000 lb. 15,000 lb. Percentage of Completion Direct Material Conversion 80% 60% 70% 30% The company started with 120,000 pounds of material in production during 2022. Compute the equivalent units of direct material and conversion costs for the year using weighted-average process costing.