Exercise 6-34 (Algo) Equivalent Units; Weighted-Average and FIFO Equivalent Unit Cost [LO 6-2, 6-3, 6-4, 6-5] Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 20,000 units Direct materials: 100% complete $ 40,000 Conversion: 40% complete 16,000 Balance in work-in-process, June 1 $ 56,000 Units started during June 48,000 Units completed and transferred out 48,000 Work-in-process inventory, June 30 20,000 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials $ 129,600 Conversion costs Direct labor 129,600 Applied overhead 168,000 Total conversion costs $ 297,600 Required: 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.)