4 2 points eBook Print Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 36,000 partially complete gallons. Transferred out, 210,000 gallons. Ending inventory (materials are 20 percent complete; conversion costs are 11 percent complete). Started this month, 235,000 gallons. Assume that beginning inventory is 50 percent complete with respect to materials and 29 percent complete with respect to conversion costs. Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. References a. Materials b. Conversion costs Equivalent Units (gallons) Check my work 5 The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Units Material Costs 2 Beginning work in process 90,000 Started in May 250,000 $ 36,000 101,200 points Units completed 230,000 Ending work in process 110,000 eBook Print Required: Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for References Cost per equivalent unit