Woodchuck Timber Pty Ltd grows, harvests and processes timber for use in the building industry. The following data relate to the company's sawmill during June:
Work in process, 1 June:
Direct material..................................................$130,000
Conversation.......................................................360,000
Costs incurred during June:
Direct material.................................................$850,000
Conversion.....................................................1,380,000
The equivalent units for June were as follows:

Required:
1. Calculate the cost per equivalent unit, for both direct material and conversion, during June. Use weighted average process costing.
2. Repeat requirement 1 using the FIFO method.

Weighted average 14 000 3 480 FIFO Direct material 8 500 2 000 Conversion