= ( 6-34 Equivalent Units; Weighted-Average and FIFO Unit Cost Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 30,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion: 80% complete Cost incurred during June Direct materials Conversion costs Direct labor Applied overhead Total conversion costs $ 60,000 24,000 $ 84,000 70.000 70,000 30,000 $120,000 120,000 180,000 $300,000 Required 1. Compute cost per equivalent unit for both the weighted-average and FIFO methods. 2. Explain the difference between the FIFO and weighted average unit costs. Topic: The importance of using CVP analysis for businesses from managerial accounting perspective. The assignment needs to present how the CVP analysis is used and how its important for businesses. Also, the assignment should convey logical reasoning for the information presented, clarity in conveying the required points. Due date 5th/June. The assignment should not be less than 700 words excluding reference list and its needs to be typed in Microsoft word file. Please make sure to maintain the guideline provided in assessment booklet regarding the format of the assignment, the accepted similarity percentage, and the reference list (in APA style). The assignment will cover 10% of your total marks and it will be evaluated as per the following rubric