A company uses a process costing system. Its Weaving Department completed and transferred out 120,000 units during the current period. The ending inventory in the Weaving Department consists of 40,000 units ( $$ 20 \% $$ complete with respect to direct materials and $$ 60 \% $$ complete with respect to conversion costs). Determine the equivalent units of production for the Weaving Department for direct materials and conversion costs assuming the weighted average method.

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1. **Direct Materials**

- Completed units: $$120{,}000$$ units are $$100\%$$ complete.
   - Ending Work in Process Inventory: $$40{,}000$$ units at $$20\%$$ complete contribute  
     $$
     40{,}000 \times 0.20 = 8{,}000 \text{ equivalent units}.
     $$
   - Total equivalent units for direct materials:  
     $$
     120{,}000 + 8{,}000 = 128{,}000 \text{ units}.
     $$

2. **Conversion Costs**

- Completed units: $$120{,}000$$ units are $$100\%$$ complete.
   - Ending Work in Process Inventory: $$40{,}000$$ units at $$60\%$$ complete contribute  
     $$
     40{,}000 \times 0.60 = 24{,}000 \text{ equivalent units}.
     $$
   - Total equivalent units for conversion costs:  
     $$
     120{,}000 + 24{,}000 = 144{,}000 \text{ units}.
     $$

Thus, the equivalent units of production are:
- **Direct Materials:** $$128{,}000$$
- **Conversion Costs:** $$144{,}000$$
Equivalent units for direct materials: 128,000 Equivalent units for conversion costs: 144,000

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