Pierce & Company provides the following information concerning the work in process at its plant:
1. Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 61 percent complete)
2. Started this month, 60,200 units.
3. Transferred out, 49,100 units.
4. Ending inventory, 19,200 units (materials are 100 percent complete; conversion costs are 14 percent complete)
Required:
a. Compute the equivalent units for materials using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.
