Exercise 8-20 (Algo) Compute Equivalent Units: Weighted-Average Method (LO 8-1,3) 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 comple Started this month, 59,500 units. Transferred out, 50,000 units. Ending Inventory 19,900 units (materials are 100 percent complete: conversion costs are 14 percent complete) . Required: o. Compute the equivalent units for materials using the weighted average method. b. Compute the equivalent units for conversion costs using the weighted average method. Equivalent Units 69,900 a Materials Conversion costs b