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 59 percent complete).

Started this month, 60,700 units.

Transferred out, 49,300 units.

Ending inventory, 21,700 units (materials are 100 percent complete; conversion costs are 14 percent complete).

Required:

a.Compute the equivalent units for materials using FIFO.

b.Compute the equivalent units for conversion costs using FIFO.