RORO Manufacturing Company uses Process Costing System to assign the cost between units completed and WIP units following is the data related to January 2020

Physical Units Equivalent Units

DM CC

Beginning WIP

Units Started

1000

4000

100%

70%

Degree of completion

Units of Ending WIP 2000 100% 60% Degree of completion

Cost of Beginning WIP

Cost added during period

$60,000

$340,000

$40,000

$160,000

Required: 1. Assign the cost between units completed (FG) and Ending WIP using WA Method

2. Compute The equivalent Units using FIFO Method