Please provide step by step solution. Thanks

Work-in-process, July 1, 30,000 units: $65,500 51.910 $117410 40,000 50,000 Direct material: 100% completed Conversion: 30% completed Balance in work in process, July 1 Units started during July Units finished Work in process, July 31, 20,000 units: Direct material: 100% completed Conversion: 60% completed Cost incurred during July Direct materials $120,000 Conversion costs Total $319.810 Required: 1. Compute cost per equivalent unit under the weighted-average method 2. Compute cost per equivalent unit under FIFO method