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 62 percent complete). Started this month, 59,700 units. Transferred out, 50.000 units Ending inventory, 19,600 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