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Compute the number of equivalent units

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Question - 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 ( Materials 60% and Conversion 40%) 43,400 units

Work in process inventory December 31 (Materials 70% and Conversion 60%) 21,700 units

During the year the company started 204,000 units in production.

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.

Reference no: EM132088830

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