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, 70,500 units.
• Transferred out, 67,500 units.
• Ending inventory, 33,750 units (materials are 100 percent complete; conversion costs are 60 percent complete).

Required:

1. Compute the equivalent units for materials using the weighted-average method.
2. Compute the equivalent units for conversion costs using the weighted-average method.

	Equivalent Units
a. Materials
b. Conversion costs