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 58 percent complete) Started this month, 60,600 units. Transferred out, 49,900 units. Ending inventory, 21,000 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. 25