e le number of units started and completed each month. 2. Calculate the number of equivalent units for both materials and conversion for each month using the FIFO method. E2-7 Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work In Process (Welghted-Average Method) Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (100% complete for materials, 40% for conversion) Direct matenals Conversion cost 52.000 units $ 80,000 $110,000 Number of units started 158,000 units Apnl costs Direct materials Conversion cost $226,000 $336,000 Work in process, Apni 30 (100% complete for materials, 20% for conversion) 80,000 units Required: Using the weighted average method, 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 the cost per equivalent unit rounded to five decimal places. 4. Reconcile the total cost of work in process