Exercise 20-8 Weighted average: Computing equivalent units of production P1 The first production department of Stone Inc. reports the following for April. Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Direct Materials Conversion Beginning work in process inventory Units started this period. Completed and transferred out. Units 60,000 Percent Complete Percent Complete 60% 40% 322,000 300,000 Ending work in process inventory. 82,000 80% 30%