Pierce & Company provides the following information concerning the work in process at its plant:

1. Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 61 percent complete)

2. Started this month, 59,500 units

3. Transferred out, 49,800 units

4. Ending inventory, 19,400 units (materials are 100 percent complete; conversion costs are 15 percent complete)

Required:

a. Compute the equivalent units for materials using FIFO

b. Compute the equivalent units for conversion costs using FIFO