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: 18,000 units Direct materials: 100% complete $ 36, 000 Conversion: 40% complete 14 , 400 Balance in work-in-process, June 1 $ 50, 400 Units started during June 43 , 600 Units completed and transferred out 43, 600 Work-in-process inventory, June 30 18 , 000 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials $109 , 000 Conversion costs Direct labor 109 , 000 Applied overhead 143, 880 Total conversion costs $252 , 880