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Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Norkinprocess inventory, June 1: 16,666 units Direct materials:

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Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Norkinprocess inventory, June 1: 16,666 units Direct materials: 166% complete $ 32,666 Conversion: 46% complete 12,866 Balance in workinprocess, June 1 $ 44,866 Units started during June 39,266 Units completed and transferred out 39,266 Norkinprocess inventory, June 36 16,666 Direct materials: 166% complete Conversion: 86% complete Costs incurred during June Direct materials $ 96,166 Conversion costs Direct labor 96,166 Applied overhead 121,526 Total conversion costs $211,686 Required: 1_ Compute the cost per equivalent unit for both the weightedaverage and FIFO methods. (Round your answers to 3 decimal places.) Direct materials Conversion Total cost $ 6.666 $ 0.006

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