The Milwaukee plant of Healthy Life Styles, Inc. 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	30,000 gal.	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.

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