The Sacramento plant of Montero Food Corporation produces a gourmet cheese. The following data pertain to the year ended December 31, 2020: 

During the year, the company started 200,000 pounds of material into production. 

Required 

Prepare a schedule analyzing the physical flow of units and computing the equivalent units for both direct material and conversion costs for the year.

Transcribed Image Text:

Percentage of Completion Units Direct Material Conversion Costs Work in process, January 1 Work in process, December 31 45,000 lb 65% 85% 60,000 lb 80% 45%