Pablo Company calculates the cost for an equivalent unit of production using process costing.

Required:

1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.)

Data for June Work-in-process inventory, June 1: 17,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 $ 34,000 13,600 $ 47,600 41,400 41,400 17,000 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion : 80% complete Costs incurred during June Direct materials Conversion costs $ 99,360 Direct labor Applied overhead Total conversion costs 99,360 132,480 $231,840