Arboles Company manufactures pencils and has the following information available for the month of July Work in process, July 1 (100% complete for materials, 81% for conversion) Direct materials Conversion cost 72,000 units $128,000 $185,000 Number of units started 186,000 units July costs Direct materials $197,000 $373,000 Conversion cost Work in process, July 31 (100% complete for materials, 23% for conversion) 58,000 units Required: Using the weighted-average method f process costing, complete each of the following steps: f physical units worked on during the period. 1. Reconcile the number Physical Units Physical Units Beginning Units Units Completed g Units Units Started Total Units Total Units 0 2. Calculate the number of equivalent units. Equivalent Units Direct Physical Units Materials Conversion Units Completed Ending Inventory Total Units 0 3. Calculate cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.) Direct Conversion Materials Cost per Equivalent Unit 4. Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Total Direct Conversion Materials Cost Units Completed Ending Inventory Total Cost Accounted for 0$ 0