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 $ 60,000 Conversion: 40% complete 25,000 Balance in work-in-process, June 1 $ 85,000 Units started during June 70,000 Units completed and transferred out 70,000 Work-in-process inventory, June 30 30,000 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials $ 122,500 Conversion costs Direct labor 119,720 Applied overhead 179,580 Total conversion costs $ 299,300 Required: 1. Compute the costs per equivalent unit for both the weighted-average and FIFO methods