Exercise 8-21 Compute Equivalent Units: FIFO Method (LO 8-1, 5) 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 59 percent complete). Started this month, 59,300 units Transferred out, 49,000 units Ending inventory, 20,800 units (materials are 100 percent complete; conversion costs are 16 percent complete) Required a. Compute the equivalent units for materials using FIFO Equivalent units b. Compute the equivalent units for conversion costs using FIFO Equivalent units