Murray Chemical Company refines a variety of petrochemical products. These data are from the firms Houston plant:

Work-in-process inventory, September 1	4,000,000	gallons
Direct materials	50	% completed
Conversion	20	% completed
Units started in process during September	4,850,000	gallons
Work-in-process inventory, September 30	2,400,000	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.

Direct Materials:

Conversion:

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

Direct Materials:

Conversion: