Using the FIFO method, complete each of the following steps:

Silver Company manufactures kites and has the following information available for the month of Apri Work in process, April 1 (100% complete for materials, 40% for conversion) 52,000 units Direct materials Conversion cost $ 80,000 $ 110,000 Number of units started 158,000 units April costs Direct materials Conversion cost 226,000 $ 336,000 Work in process, April 30 (100% complete for materials, 20% for conversion) 80,000 units Required: Using the FIFO method, complete each of the following steps 1. Reconcile the number of physical units worked on during the period Physical Units Physical Units Beginning Units Units Started Total Units Units Completed Ending Units 01 Total Units 2. Calculate the number of equivalent units Equivalent Units Physical Units Direct Materials Conversion Beginning Inventory Started and Completed Ending Inventory Total Units