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Conlon Chemicals manufactures paint thinner. Information on the work in process follows:
-Beginning inventory, 44,600 partially complete gallons.
-Transferred out, 212,600 gallons.
-Ending inventory (materials are 19 percent complete; conversion costs are 11 percent complete).
-Started this month, 242,200 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.
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