Using the FIFO method of process costing, calculate the number of equivalent units. Required information [The following information applies to the questions displayed below] Arboles Company manufactures pencils and has the following information avalable for the month of July: 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. Using the FIFO method of process costing, recuncile the total cost of work in process. Note: Use Cost per Equivalent Unit rounded to 5 decimal places and your final answors to the nearest whole dollar amount. Using the FIFO method of process costing, reconclle the number of physical units worked on during the period. Using the FIFO method of process costing, calculate cost per equivalent unit. Note: Round cost per Equlvalent Unit to 5 decirnal places