Ralston Fine Hardwoods uses a process costing system to account for its wood processing plant. Beginning inventory consisted of 4,000 board feet of lumber (100% complete as to material, 35% complete as to labor). Ralston added 132,000 board feet into the process during April. On April 30^th there were 10,000 board feet still in process (100% complete as to material, 22% complete as to labor).

Required: (a) Calculate the equivalent units of production for each input, assuming Ralston uses weighted-average. (b) Calculate the equivalent units of production for each input, assuming Ralston uses FIFO.