10.00 points Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 45,000 partially complete galons Transferred out, 206,000 gallons Ending inventory (materials are 20 peroent complete, conversion costs are 9 percent complete) Started this month, 243,000 galons Assume that beginning inventory is 50 percent complete with respect to materials and 30 percent complete with respect to conversion costs Required: Compute the equivalent units for materials using FIFO b. Compute the equivalent units for conversion costs using FIFO References eBook &Resources