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

Work-in-process inventory, September 14,190,000gallons

Direct materials50% completed

Conversion20% completed

Units started in process during September5,760,000gallons

Work-in-process inventory, September 302,960,000gallons

Direct materials40% completed

Conversion60% 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.