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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:

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. (Round your answers to 3 decimal places.)

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