Radian Corporation uses a process costing system. This month, the beginning inventory in the processing department consisted of 8000 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost Percent Complete $ 58,000 80% $65,000 60% A total of 12000 units were started and 14,000 units were completed during the month. The following costs were incurred during the month: Materials costs Conversion costs $ $ 850,300 1,680,000 Ohe ending inventory was 60% complete with respect to materials and 20% complete with respect to conversion costs. Required: 1. Compute the equivalent units for direct materials and conversion costs assuming the weighted average method. 2. Compute the equivalent units for direct materials and conversion costs assuming the first in first out method. 3. Compute the costs assigned to finished goods and ending work in process assuming the weighted average method. 4. Compute the costs assigned to finished goods and ending work in process assuming the first in first out method.