The Milwaukee plant of Healthy Life Styles, Inc. produces low-fat salad dressing. The following data pertain to the year just ended. Work in process, January 1 Units 30,000 gal. Percentage of Completion Direct Material Conversion 70% 50% Work in process, December 31 25,000 gal. 75% 20% During the year the company started 140,000 gallons 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.