Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant:
| Work-in-process inventory, September 1 |
4,760,000 gallons |
| Direct materials |
50% completed |
| Conversion |
20% completed |
| Units started in process during September |
6,320,000 gallons |
| Work-in-process inventory, September 30 |
2,890,000 gallons |
| Direct materials |
40% completed |
| Conversion |
60% completed |
Required:
a. Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method.
b. Compute the equivalent units of direct materials and conversion for the month of September using the FIFO method.