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Required information [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: Work in process, July 1 (100% complete for materials, 25 for conversion) Direct materials Conversion cost 123,000 units $ 237,000 $ 391,000 217,000 units Number of units started $ 423,000 $ 481,000 July costs Direct materials Conversion cost Work in process, July 31 (100% complete for materials, 10% for conversion) 141,000 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 0 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 Units Materials Conversion Beginning Inventory Started and Completed Ending Inventory Total Units 0 0 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 Costs Materials Conversion Total Cost Beginning Inventory Started and Completed Ending Inventory Total Cost Accounted for S $ 0 S $ 0