E3-11 Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost In Process (Weighted-Average Method) LO 3-2, 3-3 Legacy Company manufactures umbrellas and has the following information available for the month of May Work in process, May 1 (100% complete for materials, 90% for conversion) 36,000 units Direct materials $ 64,500 Conversion cost $ 87,500 Number of units started 90,500 units May costs Direct materials $103,000 Conversion cost $189,500 W Work in process, May 31 (100% complete for materials, 20% for conversion) 33,500 units Required: Using the weighted average method of process costing, complete each of the following steps: 1. Reconcile the number of physical units worked on during the period. 2. Calculate the number of equivalent units. 3. Calculate the cost per equivalent unit rounded to five decimal places 4. Reconcile the total cost of work in process E3-11 Req. 3 Cost per Equivalent Unit (DM) = $1.32411, Cost per Equivalent Unit (CC) = $2.77834