Conlon Chemicals manufactures paint thinner Information on the work in process follows: Beginning inventory, 38,000 partially complete gallons . Transferred out, 208,000 gallons Ending Inventory (materials are 19 percent complete; conversion costs are 11 percent complete). . Started this month, 243,000 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 pallons) a Materials b. Conversion costs