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.) Total cost Data for June Workinprocess inventory. June 1: 24,000 units Direct materials: 100% complete $ 48,000 Conversion: 40% complete 19,200 Balance in workinprocess, June 1 $ 67.200 Units started during June 56.800 Units completed and transferred out 56,800 Workinprocess inventory. June 30 24.000 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials $176,080 Conversion costs Direct labor 176,080 Applied overhead 221,520 Total conversion costs $397,600 [