Pierce & Company provides the following informationconcerning the work in process at its plant:
• Beginning inventory was partially complete (materials are 100percent complete; conversion costs are 61 percent complete).
• Started this month, 59,300 units.
• Transferred out, 50,200 units.
• Ending inventory, 18,700 units (materials are 100 percentcomplete; conversion costs are 15 percent complete).
Required:
a. Compute the equivalent units for materialsusing FIFO.
b. Compute the equivalent units for conversioncosts using FIFO.
