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

Required:

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

Use the given information to determine whether Holly Company is using the FIFO or weighted$-$average method. The beginning

balance of Work$-$in$-$Process $($WIP$)$ consists of $$11,000$ of direct materials and $$14,000$ of conversion costs.