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

Work$-$in$-$process inventory, September $14,420,000$ gallons

Direct materials $50\%$ completed

Conversion $20\%$ completed

Units started in process during September $5,620,000$ gallons

Work$-$in$-$process inventory, September $302,720,000$ 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.

Answer rating: 100% (QA)

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