Timing Technology, Inc., manufactures timing devices. During 20x1, 900,000 units were completed and transferred to finished-goods inventory. On December 31, 20x1, there were 300,000 units in work in process. These units were 50 percent complete as to conversion and 100 percent complete as to direct material. Finished-goods inventory consisted of 200,000 units. Materials are added to production at the beginning of the manufacturing process, and overhead is applied to each product at the rate of 60 percent of direct-labor costs. There was no finished-goods inventory on January 1, 20x1. A review of the inventory cost records disclosed the following information:

				Costs
	Units			Direct Material					Direct Labor
Work in process, January 1, 20x1
(80% complete as to conversion)	200,000			$	200,000			$	315,000
Units started in production	1,000,000
Direct-material costs				$	1,300,000
Direct-labor costs								$	1,995,000

1

2. Complete the following schedule as of December 31,201, to compute the equivalent units of production using the weighted-average method. 1. Complete the following schedule as of December 31,201, to compute the physical flow of units