Exercise 8-20 (Algo) Compute Equivalent Units: Weighted-Average Method (LO 8-1, 3) Pierce \& Company provides 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, 59,900 units. - Transferred out, 50,400 units. - Ending inventory, 19,800 units (materials are 100 percent complete; conversion costs are 17 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