Conion Chemicals manufactures paint thinner. Information on the work in process follows Beginning inventory, 38,000 partially complete gallons .Transferred out, 205,000 gallons Ending inventory (materials are 20 percent complete, conversion costs are 11 percent complete) Started this month, 236,000 galons 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 unvits for conversion costs using FIFO References Exercise 8-19 Compute Equivalent Units FIFCo Mothod (LO 8-1, 5 O Type here to search 8 4 6 2