Conlon Chemicals manufactures paint thinner. Information on the work in process follows: . . Beginning inventory, 39,900 partially complete gallons Transferred out, 209,000 gallons. Ending Inventory (materials are 21 percent complete; conversion costs are 10 percent complete). . Started this month, 244,200 gallons. . Required: a. Compute the equivalent units for materials using the weighted average method b. Compute the equivalent units for conversion costs using the weighted average method. Equivalent Units (gallons) a Materials b. Conversion costs Pierce & Company provides the following information concerning the work in process at its plant Beginning inventory was partially complete (materials are 100 percent complete, conversion costs are 61 percent complete) Started this month, 59,400 units. Transferred out, 50,200 units Ending Inventory. 19,400 units (materials are 100 percent complete conversion costs are 16 percent complete) Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. Equivalent Units | a Materials Conversion costs b