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.

Mirada Company manufactures handheld calculators and has the following information available for the month of July: Work in process, July 1 (100% complete for materials, 28% for conversion) Direct materials Conversion cost $ $ 71,000 units 120,000 196,000 Number of units started 98,000 units July costs Direct materials Conversion cost $ $ 222,000 245,000 Work in process, July 31 (100% complete for materials, 12% for conversion) 66,000 units Physical Units Physical Units Beginning Units Units Started Units Completed Ending Units Total Units Total Units Equivalent Units Physical Units Direct Materials Conversion Units Completed Ending Inventory Total Units Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted for $ 0 $ 0 $