Pierce & Company 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 58 percent complete). Started this month, 60,300 units. Transferred out, 49,400 units. Ending inventory, 20,500 units (materials are 100 percent complete; conversion costs are 15 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. Equivalent Units a. Materials b. Conversion costs Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 43,700 partially complete gallons. Transferred out, 210,200 gallons. Ending inventory (materials are 18 percent complete; conversion costs are 10 percent complete). Started this month, 238,900 gallons. Required: a. Compute the equivalent units for materials using the weighted average method. b. Compute the equivalent units for conversion costs using the weighted-average method. Equivalent Units (gallons) a Materials Conversion costs b