E3-15 Req. 3 Cost per Equivalent Unit (DM) = $1.92486, Cost per Equivalent Unit (CC) = $4.05730 E3-15 Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process (Weighted-Average Method) LO 3-2, 3-3 Mirada Company manufactures handheld onlculators and has the following information available for the month of July: 126,000 units Work in process, July 1 (100% complete for materials, 25% for conversion) Direct materials $240,000 Conversion cost $394,000 Number of units started 220,000 units July costs Direct materials $426,000 Conversion cost $484,000 Work in process, July 31 (100% completo for materials, 10% for conversion) 144,000 units Page 147 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 cost per equivalent unit, rounded to five decimal places. 4. Reconcile the total cost of work in process