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.) Direct materials Conversion Total cost Data for June Work-in-process inventory, June 1: 15,000 units Direct materials: 100% complete $ 30, 000 Conversion: 40% complete 12, 000 Balance in work-in-process, June 1 $ 42, 000 Units started during June 37, 000 Units completed and transferred out 37 , 000 Work-in-process inventory, June 30 15, 000 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials $ 81, 400 Conversion costs Direct labor 81, 400 Applied overhead 111, 000 Total conversion costs $192 , 400