M&M Chemicals manufactures paint. Information on the work in process follows: 130,000 liters 1 60,000 liters Beginning inventory Transferred out to Finished Products Ending inventory Material 40% complete o Conversion cost 10% complete Started this month 100,000 liters 90,000 liters 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