Exercise 6-30 (Algo) Equivalent Units; Weighted-Average Method [LO 6-2, 6-4] Northern Washington Lumber Company grows, harvests, and processes timber for use as building lumber. The following data pertain to the company's sawmill: Work-in-process inventory, January 1 (direct materials: 60\%, conversion: 40\%) Work-in-process inventory, December 31 34,400 units (direct materials: 70\%, conversion: 60\%) 17,200 units During the year the company started 227,500 units in production. Required: 1. Prepare a physical flow schedule. 2. Compute the number of equivalent units of both direct materials and conversion for the year, using the weighted-average method. Complete this question by entering your answers in the tabs below