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CoursHeroTranscribedText: Pablo Company calculates the cost for an equivalent unit of production using process costing....

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Accounting

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CoursHeroTranscribedText: Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 20,060 units Direct materials: 100% complete $ 40, 300 Conversion: 40% complete 16, 060 Balance in work-in-process, June 1 $ 56, 060 Units started during June 48, 090 Units completed and transferred out 48, 080 Work-in-process inventory, June 30 20, 080 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials $129, 600 Conversion costs Direct labor 129, 690 Applied overhead 168, 080 Total conversion costs $ 297, 608 Required: 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.) Weighted Average Cost per EU FIFO Cost per EU Direct materials Conversion Total cost

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