Patton Dyes manufactures colorings, primarily for textiles. Information on the work in process follows: - Beginning inventory, 160,000 partially complete liters. - Ending inventory, 130,000 Iiters; units are 25 percent complete with respect to materials and 60 percent complete with respect to conversion costs. - Started this month, 699,000 liters. Assume thot beginning inventory is 20 percent complete with respect to materials and 40 percent complete with respect to conversion costs. Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equlvalent units for conversion costs using FIFO
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