Exercise 8-18 (Algo) Compute Equivalent Units: Weighted-Average Method (LO 8-1, 3) Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 40,000 partially complete gallons. Transferred out, 213,700 gallons. Ending inventory (materials are 22 percent complete; conversion costs are 10 percent complete). Started this month, 242,400 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. X Answer is complete but not entirely correct. Equivalent Units (gallons) 2,333 X 4,655 X a. Materials b Conversion costs