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.

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\%) 46,000 units Work-in-process inventory, December 31 (direct materials: 708, conversion: 60\%) 23,000 units During the year the company started 213,000 units in production. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Quantity Schedule (in units) } \\ \hline Input & \\ \hline Work-in-process inventory & \\ \hline Units started & \\ \hline Total units to account for & \\ \hline Output & \\ \hline Units completed & \\ \hline Work-in-process inventory & \\ \hline Total units accounted for & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & Equivalent Units \\ \hline Direct materials & \\ \hline Conversion & \\ \hline \end{tabular}