Pablo Company calculates the cost for an equivalent unit ofproduction using process costing.
| Data for June |
| Work-in-process inventory, June 1: 12,000units |
| Direct materials: 100% complete | $ | 24,000 | |
| Conversion: 40% complete | | 9,600 | |
| Balance in work-in-process, June 1 | $ | 33,600 | |
| Units started during June | | 30,400 | |
| Units completed and transferred out | | 30,400 | |
| Work-in-process inventory, June 30 | | 12,000 | |
| Direct materials: 100% complete | | | |
| Conversion: 80% complete | | | |
| Costs incurred during June | | | |
| Direct materials | $ | 57,760 | |
| Conversion costs | | | |
| Direct labor | | 57,760 | |
| Applied overhead | | 82,080 | |
| Total conversion costs | $ | 139,840 | |
|
Required:
1. Compute the cost per equivalent unit for both theweighted-average and FIFO methods. (Round your answers to 3decimal places.)
Weighted Average Cost per EU FIFO Cost Per EU
Direct Materials
Conversion
Total cost
