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 61 percent complete).
• Started this month, 59,200 units.
• Transferred out, 49,700 units.
• Ending inventory, 19,400 units (materials are 100 percent complete; conversion costs are 16 percent complete).

Required:

a. Compute the equivalent units for materials using the weighted-average method.

b. Compute the equivalent units for conversion costs using the weighted-average method.

		Equivalent units
A	Materials
B	Conversion costs