Missouri Corporation shows the following information concerning the work in process at its plant: • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 60 percent complete). • Started this month, 180,000 units. • Transferred out, 150,000 units. • Ending inventory, 100,000 units (materials are 100 percent complete; conversion costs are 15 percent complete).
Compute the equivalent units for materials and conversion costs using FIFO.