Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting Department. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows.

Work in Process, May 1 (58,500 units, 100% complete for direct materials, 40% complete with respect to conversion costs; includes $87,500 of direct material cost; $51,050 of conversion costs).

Units started in May 242,000
Units completed in May 217,000

Work in Process, May 31 (83,500 units, 100% complete for direct materials; 25% complete for conversion costs).

Costs incurred in May:

Direct materials $851,800
Conversion costs $1,026,020

Required:
If Pitt Enterprises uses the FIFO method of process costing, compute the equivalent units for materials and conversion costs respectively for May.