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

Work-in-Process
Beginning balance December 380 units, 20% complete for conversion	$ 47,500	Completed 980 units and transferred to finished goods inventory	$ 223,604
Direct materials	102,600
Direct labor	64,600
Factory overhead
Property taxes	9,600
Depreciation	41,000
Utilities	21,600
Indirect labor	7,600
Ending balance December 31, 480 units, 40% complete	70,896

Required:

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