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) Direct materials 36,300 units $ 64,800 $ 87,800 Conversion cost 90,800 units Number of units started May costs Direct materials $103,300 $189,800 Conversion cost Work in process, May 31 (100% complete for materials, 20% for conversion) 33,800 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 Beginning Units Units Completed Ending Units Units Started Total Units Total Units 0 0 2. Calculate the number of equivalent units. Equivalent Units Physical Units Direct Conversion Materials Beginning Inventory Started and Completed Ending Inventory Total Units 0 0 0 3. Calculate the cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit Reconcile the total cost of work process. (Use Cost per Equivalent Unit rounded 5 decimal places and your final answers to the nearest whole dollar amount.) Current Period Costs Prior Period Costs Total Cost Direct Conversion Materials Beginning Started and Completed Ending Inventory Total Cost for S 0