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, 60,500 units. Transferred out, 50,600 units. Ending inventory, 20,200 units (materials are 100 percent complete; conversion costs are 14 percent complete). Required: a. Compute the equivalent units for materials using FIFO. Equivalent units b. Compute the equivalent units for conversion costs using FIFO. Equivalent units