SB (Algo) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process [LO 3-2, 3-4] [The following information applies to the questions displayed below.] 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, 900 units Direct materials $ 65, 400 Conversion cost $ 88, 400 Number of units started 91 , 400 units May costs Direct materials $ 103, 900 Conversion cost $ 190 , 400 Work in process, May 31 (100% complete for materials, 20% for conversion) 34, 400 units E3-11 (Algo) Weighted-Average Method [LO 3-2] 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. 4. Reconcile the total cost of work in process