Equivalent Units; Weighted-Average and FIFO Equivalent Unit Cost Pablo Company calculates the cost for an equivalent unit of production using process costing. Required 1. Compute the costs per...

Equivalent Units; Weighted-Average and FIFO Equivalent Unit Cost Pablo Company calculates the cost for an equivalent unit of production using process costing.

Required 1. Compute the costs per equivalent unit for both the weighted-average and FIFO methods. (Round the cost per equivalent unit to four decimal places) 2. Explain the difference between the FIFO and weighted-average equivalent unit costs.