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) 75,000 units Direct materials 5,000 17,500 Conversion cost Number of units started 100,000 units July costs 6,500 Direct materials 24,000 Conversion cost Work in process, July 31 (100% complete for materials, 10% for conversion) 70,000 units Required: Using the weighted average method of process costing, complete each of the following steps: 1. Reconcile the number of physical units worked on during the period Physical Units Physical Units 105,000 Beginning Units 75,000 Units Completed 100,000 Ending Units 70,000 Units Started 175,000 Total Units 175,000 Total Units