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, 60,400 units. Transferred out, 50,400 units. Ending inventory, 20,400 units (materials are 100 percent complete; conversion costs are 16 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 Conversion costs b