Check 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) 76,000 units Direct materials $ 6, 000 Conversion cost $ 18, 500 Number of units started 101, 000 units July costs Direct materials $ 7,500 Conversion cost $ 25, 000 Work in process, July 31 (100% complete for materials, 10% for conversion) 71,000 units E3-14 (Algo) FIFO [LO 3-4] es 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. 2. Calculate the number of equivalent units. 3. Calculate cost per equivalent unit. A Dornnile the total snet of winely in nenrace