Please Answer the following question. I have provide the answer format after the question. Please provide calculations and formulas. preferably, write it in a file.

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

Required:

1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.)