Pierce & Company provides the following information concerning the work in process at its plant: Started this month, 61,000 units. Transferred out, 50,600 units. Ending inventory, 20,000 units (materials are 100 percent complete; conversion costs are 14 percent complete) Required: a. Compute the equivalent units for materials using the weighted-average method. Equivalent units b. Compute the equivalent units for conversion costs using the weighted-average method. Equivalent units