Johnson Beverage produces flavored water drinks. Information on the work in process follows:
\begin{itemize}
\item Beginning inventory, 45,000 partially complete gallons.
\item Transferred out, 207,000 gallons.
\item Ending inventory (materials are 21 percent complete; conversion costs are 12 percent complete).
\item Started this month, 241,000 gallons.
\end{itemize}
Assume that beginning inventory is 50 percent complete with respect to materials and 31 percent complete with respect to conversion costs.
Required:
a. Compute the equivalent units for materials using FIFO.
b. Compute the equivalent units for conversion costs using FIFO.
\begin{tabular}{|l|l|}
\hline
& Equivalent Units \\
& (gallons) \\
\hline
a. Materials & \\
\hline
b. Conversion costs & \\
\hline
\end{tabular}
