The following data for the month of September were taken form the cost records of Department 1 of Pro-Life products which uses process costing system: > Opening inventory of work in process: Units: 500 (with all materials added and 50% of labor and overhead) Cost: Materials 2,400 Labor 1,500 Factory overhead 760 > Put into production: Units: 5,000 Costs: Materials 25,100 Labor 19,380 Factory overhead 14,900 > Completed and transferred: 4,800 units > Ending inventory of work in process: Units: 700 (with all materials, and 60% of labor and overhead) Question/s: 1. What is the cost per equivalent unit (rounded to nearest centavo) under FIFO method? 2. What is the cost per equivalent unit (rounded to nearest centavo) under WEIGHTED AVERAGE method