Please Provide a Detailed Explanation, I am having difficulties with the material in this unit. Thank you in advance

Conlon Chemicals manufactures paint thinner. Information on the work in process follows:

Beginning inventory, 37,400 partially complete gallons.

Transferred out, 206,900 gallons.

Ending inventory (materials are 19 percent complete; conversion costs are 9 percent complete).

Started this month, 242,600 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.

Conlon Chemicals manufactures paint thinner. Information on the work in process follows:

Beginning inventory, 38,000 partially complete gallons.

Transferred out, 207,000 gallons.

Ending inventory (materials are 20 percent complete; conversion costs are 11 percent complete).

Started this month, 238,000 gallons.

Assume that beginning inventory is 50 percent complete with respect to materials and 28 percent complete with respect to conversion costs

Required:

a.Compute the equivalent units for materials using FIFO.

b.Compute the equivalent units for conversion costs using FIFO.