SB (Algo) Calculating Equivalent Units, Cost per Equivalent Unit Reconciling the Cost of Work in Proces [LO 3-2, 3-3, 3-51) [The following information applies to the questions displayed below.) Mirada Company manufactures handheld calculators and has the following information available for the month of July: 136,000 units $ 250,000 $ 404,000 Work in process, July 1 (100% complete for materials, 252 for conversion) Direct materials Conversion coat Number of units started July costs Direct materials Conversion cont 230,000 units $ 436,000 $ 494,000 Work in process, July 31 (1001 complete for materials, 108 for conversion) 154,000 units E3-15 (Algo) Weighted-Average Method [LO 3-2, 3-3] 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. 4. Reconcile the total cost of work in process, Required 1 Required 2 Required 3 Required 4 Reconcile the number of physical units worked on during the period. Physical Physical Units Units Beginning Units Units Completed Units Started Ending Units Total Units 0 Total Units +0 Required 2 > Required 1 Required 2 Required 3 Required 4 Calculate the number of equivalent units. Physical Units Equivalent Units Direct Materials Conversion Units Completed Ending Inventory Total Units 0 0 Required 1 Required 2 Required 3 Required 4 Calculate cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places. Direct Materials Conversion Cost per Equivalent Unit Required 1 Required 2 Required 3 Required 4 Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 de to the nearest whole dollar amount.) Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted for $ 0 $ 0 $ 0