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

100%

complete.\ \\\\table[[Beginning balance December 280 units,,Work-in-Process,],[20% complete for conversion,

$35,000,

Completed 880 units and transferred,],[Direct materials,75,600,],[Direct labor,47,600,],[Factory overhead,7,600,],[Property taxes,36,000,],[Depreciation,19,600,],[Utilities,5,600,],[Indirect labor,47,442,],[Ending balance December 31,380 units,

40%

,,],[complete,,]]\ Required:\ Calculate equivalent units using the weighted-average and FIFO methods.\ \\\\table[[,Equivalent Units],[,Weighted-Average,FIFO],[Direct materials,,],[Conversion,,]]

Holly Company has the following information for December 1 to December 31 . All direct materials are 100% complete. Required: 1. Calculate equivalent units using the weighted-average and FIFO methods