Exercise \&-24 (Algo) Compute Equivalent Units: Weighted-Average Method (LO \&-1, 3) Kronk, Incorporated provides the following information concerning the work in process at its plant: - Beginning inventory was partially complete imateriars are 100 percent complete. conversion costs are 10 percent complete - Started this month, 69,500 units - Transferred out, 66,500 units - Ending inventory, 33,250 units (materials are 100 percent complete, conversion costs are 60 percent complete) 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