Conlon Chemicals manufactures paint thinner. Information on the work in process follows: . Beginning inventory, 37,000 partially complete gallons. Transferred out, 215,000 gallons. . Ending inventory (materials are 18 percent complete; conversion costs are 8 percent complete). Started this month, 235,000 gallons. Assume that beginning inventory is 50 percent complete with respect to materials and 30 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. a. Materials b. Conversion costs Equivalent Units (gallons)