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 75,200 units 5,200 $ 17,700 Conversion cost Number of units started 100,200 units July costs Direct materials Conversion cost 6,700 $ 24,200 Work in process, July 31 (100% complete for materials, 10% for conversion) 70,200 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. Physical Units Physical Units Units Completed Ending Units Beginning Units Units Started Total Units 0 0 Total Units 2. Calculate the number of equivalent units. Equivalent Units Direct Physical Units Conversion Materials Beginning Inventory Started and Complete Ending Inventory Total Units 0 3. Calculate cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit 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 Direct Total Conversion Period Materials Cost Costs Beginning Inventory Started and Completed Ending Inventory Total Cost Accounted for $ 0