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 62 percent complete). Started this month, 59,300 units. Transferred out, 50,700 units. Ending inventory, 19,000 units (materials are 100 percent complete; conversion costs are 13 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. & Answer is complete but not entirely correct. Materials Conversion costs Equivalent Units 69,700 53,170 b