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)		78,000	units
Direct materials	$	120,000
Conversion cost	$	180,000
Number of units started		183,000	units
July costs
Direct materials	$	212,000
Conversion cost	$	376,000
Work in process, July 31
(100% complete for materials, 24% for conversion)		66,000	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
Beginning Units			Units Completed
Units Started			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