SB $($Algo$)$ Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process $[$LO $3-2,3-4]$

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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$)35,900$ units

Direct materials $ $64,400$

Conversion cost $ $87,400$

Number of units started $90,400$ units

May costs

Direct materials $ $102,900$

Conversion cost $ $189,400$

Work in process, May $31(100\%$ complete for materials, $20\%$ for conversion$)33,400$ units

E$3-11($Algo$)$ Weighted$-$Average Method $[$LO $3-2]$

Required:

Using the weighted$-$average method of process costing, complete each of the following steps:

Reconcile the number of physical units worked on during the period.

Calculate the number of equivalent units.

Calculate the cost per equivalent unit.

Reconcile the total cost of work in process.