Holly Company has the following information for December 1 to December 31. All direct materials are 100% complete.

Work-in-Process
Beginning balance December 300 units, 20% complete for conversion	$ 37,500	Completed 900 units and transferred to finished goods inventory	$ 188,580
Direct materials	81,000
Direct labor	51,000
Factory overhead
Property taxes	8,000
Depreciation	37,000
Utilities	20,000
Indirect labor	6,000
Ending balance December 31, 400 units, 40% complete	51,920

Required:

1. Calculate equivalent units using the weighted-average and FIFO methods.