Legacy Company manufactures umbrellas and has the following information available for the month of May Work in process, May 1 (100% complete for materials, 90% for conversion) 36,000 units Direct materials Conversion cost $64,500 $87,500 Number of units started 90,500 units May costs Direct materials Conversion cost $103,000 $189,500 Work in process, May 31 (100% complete for materials, 20% for conversion) 33,500 units 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 Physical Units Physical Units Units Completed Beginning Units Units Started Total Units Ending Units 0 Total Units 2. Calculate the number of equivalent units Equivalent Units Physical Units Direct Materials Conversion Beginning Inventory Started and Completed Ending Inventory Total Units