Murray Chemical Company refines a variety of petrochemical products. These data are from the firms Houston plant: Work-in-process inventory, September 1 4,820,000 gallons Direct materials 50% completed Conversion 20% completed Units started in process during September 6,140,000 gallons Work-in-process inventory, September 30 2,680,000 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.