Maps Video - Google Pho... HW i ces Saved Work in process, January 1 Work in process, December 31 Units 20,000 pound 15,000 pound (Percentage of Completion) 80% 70% (Percentage of Completion) 60% 30% During the year, the company started 120,000 pounds 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. CALCULATION OF EQUIVALENT UNITS: FIT-FOR-LIFE FOODS CORPORATION Weighted-Average Method Total units to account for Total units accounted for Total equivalent units Physical Units Percentage of Completion Direct Material Equivalent Units Conversion Direct Material Conversion % % % % % %