Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available:

Work in process, August 1 (64% complete with respect to conversion) 17,400

Started in August 120,000

Completed 120,000

Work in process, August 31 (75% complete with respect to conversion) 17,400

Required:

a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method.

b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method.