Arboles Company manufactures pencils and has the following information available for the month of July: Work in process, July 1 (100% complete for materials, 85% for conversion) Direct materials Conversion cost Number of units started 79,000 units $ 123,000 174,000 183,000 units $ 213,000 $ 376,000 July costs Direct materials Conversion cost Work in process, July 31 (100% complete for materials, 27% for conversion) 65,000 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 Beginning Units Units Started Physical Units Units Completed Ending Units Total Units 0 Total Units 0 2. Calculate the number of equivalent units. Equivalent Units Physical Units Direct Materials Conversion Units Completed Ending Inventory Total Units 0 0 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.) Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted for $ 0 $ 0 $ 0