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Northern Washington Lumber Company grows, harvests, and processes timber for use as building lumber. The...

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Accounting

Northern Washington Lumber Company grows, harvests, and processes timber for use as building lumber. The following data pertain to the companys sawmill:
Work-in-process inventory, January 1
(direct materials: 60%, conversion: 40%)42,000 units
Work-in-process inventory, December 31
(direct materials: 70%, conversion: 60%)21,000 units
During the year the company started 223,000 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.omplete this question by entering your answers in the tabs below.
Required 2
Compute the number of equivalent units of both direct materials and conversion for the year, using the weighted-average method.
Equivalent Units
Direct materials :
Conversion:

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