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Conlon Chemicals manufactures paint thinner. Information on the work in process follows: • Beginning inventory, 43,000...

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

• Beginning inventory, 43,000 partially complete gallons.

• Transferred out, 208,000 gallons.

• Ending inventory (materials are 19 percent complete; conversion costs are 8 percent complete).

• Started this month, 237,000 gallons.

Assume that beginning inventory is 50 percent complete with respect to materials and 30 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.

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