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, 60,800 units. Transferred out, 49,100 units. Ending Inventory, 21,800 units (materials are 100 percent complete; conversion costs are 15 percent complete). Required: a. Compute the equivalent units for materials using FIFO. Equivalent units 60,800 b. Compute the equivalent units for conversion costs using FIFO. Equivalent units 3,270