2-2

Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 41,600 partially complete gallons. Transferred out, 208,400 gallons. Ending inventory (materials are 21 percent complete; conversion costs are 9 percent complete) . Started this month, 242,000 gallons. Required: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for conversion costs using the weighted-average method. Equivalent Units (gallons) Materials Conversion costs