Murray Chemical Company refines a variety of petrochemical products.

These data are from the firms Houston plant:

Work-in-process inventory, September 1 4,060,000 gallons

Direct materials 50% completed Conversion 20% completed

Units started in process during September 5,860,000 gallons

Work-in-process inventory, September 30 3,380,000 gallons

Direct materials 40% completed Conversion 60% completed

Required: 1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method.

2. Compute the equivalent units of direct materials and conversion for the month of September using the FIFO method.