bod Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 43,000 partially complete gallons Transferred out. 210.000 gallons. Ending inventory (materials are 22 percent complete conversion costs are 11 percent complete). . Started this month, 241.000 gallons Assume that beginning inventory is 50 percent complete with respect to materials and 31 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. Equivalent Units (gallons) Materials Conversion costs b