Compute Equivalent Units— FIFO Method: A company's records show the following information concerning the work in process at an assembly plant:

1. Beginning inventory (materials are 15 percent complete; conversion costs are 25 percent complete).

2. Transferred out—30,000 units.

3. Ending inventory—10,000 units (materials are 20 percent complete: conversion costs are 30 percent complete).

4. Started this month—35,000 units.

Required:

a. Compute the equivalent units for materials using FIFO.

b. Compute the equivalent units for conversion costs for using FIFO.