Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 41,000 partially complete gallons. Transferred out, 210,000 gallons. Ending inventory (materials are 19 percent complete: conversion costs are 8 percent complete). . Started this month, 240,000 gallons. . 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 units for conversion costs using FIFO. Equivalent Units (gallons) a Materials Conversion costs b