FIFO please!

Work in process, July 1 (100% complete for materials, 60% for conversion) Direct materials Conversion cost Number of units started July costs Direct materials Conversion cost Work in process, July 31 (100% complete for materials, 10% for conversion) 70,500 units Required: Using the FIFO 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. 4. Reconcile the total cost of work in process. 75,500 units 5,500 100,500 units 7,000 $ $ 24,500 $ 18,000 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. 4. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Current Period Costs Prior Period Costs Total Cost Beginning Inventory S Started and Completed Ending Inventory Total Cost Accounted for 5 Direct Materials 75,500 $ 70,500 145,000 $ Conversion 74,920 S 50,071 125.000 $ Using the FIFO 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. 4. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the number of equivalent units. Equivalent Units Physical Units Beginning Inventory Started and Completed Ending Inventory Total Units 105,500 70.500 176.000 Direct Materials 105,500 70,600 70.500 Required 1 Conversion 105,500 7.050 112.550 Required 3 > Required: Using the FIFO 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. 4. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required d Calculate cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit S 0.71023 S Required 4 > 0.37761