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, 60,000 units. . Transferred out, 49,300 units, Ending inventory, 20,500 units (materials are 100 percent complete, conversion costs are 13 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