Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 41,000 partially complete gallons Transferred out, 206,000 gallons Ending Inventory (materials are 18 percent complete; conversion costs are 9 percent complete) Started this month, 245,000 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 (gallons) a Materials b. Conversion costs