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, 59,000 units. Transferred out, 49,900 units. Ending inventory, 19,300 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.