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Required information [The following information applies to the questions displayed below.] Arboles Company manufactures pencils and has the following information available for the month of July Work in process, July 1 (100% complete for materials, 60+ for conversion) Direct materials Conversion cost Number of units started 74,700 units $ 4,700 $ 17,200 99,700 units July costs Direct materials Conversion cost $ 6,200 $ 23,700 Work in process, July 31 (100% complete for materials, 10% for conversion) 69, 700 units 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Reconcile the number of physical units worked on during the period. Physical Units Physical Units Beginning Units Units Started Units Completed Ending Units Total Units Total Units Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the number of equivalent units. Equivalent Units Physical Direct Conversion Units Materials Beginning Inventory Started and Completed Ending Inventory Total Units Complete this question by entering your answers in the tabs below. 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Current Period Costs Prior Period Direct Materials Conversion Beginning Inventory Started and Completed Ending Inventory Total Cost Costs Total Cost Accounted for