Exercise 8-20 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 58 percent complete) Started this month, 60,400 units. Transferred out, 50,200 units. Ending inventory, 19,400 units (materials are 100 percent complete; conversion costs are 15 percent complete) Required a. Compute the equivalent units for materials using the weighted-average method. Equivalent units b. Compute the equivalent units for conversion costs using the weighted-average method. Equivalent units