A company uses the FIFO method to account for its work in process inventories. The account records show the following information: Beginning work in process inventory: Materials 360 Conversion costs 180 Debits to work in process inventory this period: Materials 3,714 Conversion costs 2,258 Units: Beginning inventory 300 units Percent of completion (materials: 60%. conversion cost: 30%) Started this period 2,000 units Ending inventory 600 units Percent of completion: materials. 40%, conversion cost, 20% Requirements: 1. Compute the equivalent units for materials and conversion costs. 2. Compute the unit cost for materials and conversion costs 3. Compute the cost of goods transferred out 4. Compute the cost of the ending inventory.