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 59 percent complete). Started this month, 59,900 units. Transferred out, 49,400 units. Ending inventory, 19,500 units (materials are 100 percent complete; conversion costs are 16 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. Equivalent Units a. b. Materials Conversion costs 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 61 percent complete). Started this month, 60,200 units. Transferred out, 49,700 units. Ending inventory, 20,200 units (materials are 100 percent complete; conversion costs are 14 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. Equivalent Units a. Materials b. Conversion costs