Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June
Work-in-process inventory, June 1: 10,000 units
Direct materials: 100% complete $ 21,000
Conversion: 40% complete 8,000
Balance in work-in-process, June 1 $ 29,000
Units started during June 26,000
Units completed and transferred out 26,000
Work-in-process inventory, June 30 10,000
Direct materials: 100% complete
Conversion: 80% complete
Cost incurred during June
Direct materials $ 44,200
Conversion costs
Direct labor 44,200
Applied overhead 65,000
Total conversion costs $ 109,200
Required:
Compute cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 4 decimal places.)