Exercise 6-31 (Algo) Equivalent Units; Weighted-Average and FIFO Methods [LO 6-2, 6-4, 6-5] Murray Chemical Company refines a variety of petrochemical products. These data are from the firms Houston plant: Work-in-process inventory, September 1 4,190,000 gallons Direct materials 50% completed Conversion 20% completed Units started in process during September 5,760,000 gallons Work-in-process inventory, September 30 2,960,000 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.

1 14.28 points eBook Print References Exercise 6-31 (Algo) Equivalent Units; Weighted-Average and FIFO Methods [LO 6-2, 6-4, 6-5] Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 Direct materials. Conversion Units started in process during September Work-in-process inventory, September 30 Direct materials Conversion Required 1 Required 2 4,190,000 gallons 50% completed 20 completed gallons gallons completed 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 f September using the FIFO method. Direct materials Conversion 5,760,000 2,960,000 Complete this question by entering your answers in the tabs below. Equivalent Units 40 60% Compute the equivalent units of direct materials and conversion for the month method. September using the weighted-average Check my work 1 14.28 points eBook Print References Exercise 6-31 (Algo) Equivalent Units; Weighted-Average and FIFO Methods [LO 6-2, 6-4, 6-5] Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 Direct materials Conversion Units started in process during September Work-in-process inventory, September 30 Direet materials Conversion Required 1 Required 2 gallons 50% completed 20 completed gallons callons completed completed 4,190,000 Required: 1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method. . Compute the equivalent units of direct materials and conversion for the month of September using the FIFO method. Direct materials Conversion 5,760,000 2,960,000 Complete this question by entering your answers in the tabs below. Equivalent Units 40 60% Compute the equivalent units of direct materials and conversion for the month September using the FIFO method. Check my work