Kronk, Incorporated 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 10 percent complete).

Started this month, 72,500 units.

Transferred out, 69,500 units.

Ending inventory, 34,750 units (materials are 100 percent complete; conversion costs are 60 percent complete).

Required: Compute the equivalent units for materials using LIFO. Compute the equivalent units for conversion costs using LIFO.