Exercise 8-24 (Algo) Compute Equivalent Units: Weighted-Average Method (LO 8-1, 3) Kronk, Incorporated provides the following information concerning the work in process at its plant: - Beginning inventory wos partially complete (materials are 100 percent complete: conversion costs are 10 percent complete). - Started this month, 67,000 units. - Transferred out, 64,000 units - Ending inventory, 32,000 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