A company uses a process costing system. The company uses the weighted average method and reports the following data for its Welding department Direct materials Percent Complete 100% 75% Units 100,000 30,000 Conversion Percent Complete 100% 40% Units completed and transferred out Ending work in process inventory Calculate the equivalent units of production for both direct materials and conversion for the Welding department Multiple Choice 130,000 direct materials; 130,000 conversion 130,000 direct materials; 112,000 conversion 107,500 direct materials; 118,000 conversion