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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 60 percent complete).
- Started this month, 59,900 units.
- Transferred out, 50,800 units.
- Ending inventory, 18,600 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
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