Exercise $8-25($Algo$)$ Compute Equivalent Units: FIFO Method $($LO $8-1,5)$ Kronk, Incorporated provides the following information concerning the work in process at its plant: Beginning inventory was partially complete $($materials are $100$ percent complete; conversion costs are $10$ percent complete$).$ Started this month, $67,500$ units. Transferred out, $64,500$ units. Ending inventory, $32,250$ units $($materials are $100$ percent complete; conversion costs are $60$ percent complete$).$ Required: Compute the equivalent units for materials using FIFO. Co

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