A companys January 1 goods in process inventory contained 30,000 units that were 100% complete with respect to direct materials and 25% complete with respect to conversion costs. The beginning inventory was completed during the year and another 120,000 units were started. Of those started, 80,000 units were finished and the remaining 40,000 units left 80% complete with respect to direct materials and 20% complete with respect to conversion costs. Calculate the equivalent units of production for the year using the weighted average method for both direct materials and conversion costs. (Show your work)