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 Conversion cost Number of units started May costs Direct materials Conversion cost Work in process, May 31 (100% complete for materials, 20% for conversion) 36,700 units $ 65,200 $ 88,200 91,200 units $ 103,700 $ 190,200 34,200 units E3-11 (Algo) Weighted-Average Method [LO 3-2] 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. 2. Calculate the number of equivalent units. 3. Calculate the cost per equivalent unit. 4. Reconcile the total cost of work in process. Using the weighted-average method of process costing, reconcile the n Physical Units Beginning Units Units Started Total Units Physical Units 36,700 Units Completed 93,700 91,200 Ending Units 34,200 127,900 Total Units 127,900 Required 1 Re Using the weighted-average method of process costing, calculate the Units Completed Ending Inventory Total Units Equivalent Units Physical Units Direct Conversion Materials 93,700 70,900 70,900 34,200 57,000 14,180 127,900 127,900 85,080 using the weighted average meuivo de process county, Calculate the cost per equivalent unit. Note: Round cost per Equivalent Unit to 5 decimal places. Direct Materials Conversion Cost per Equivalent Unit $ 1.32056 $ 3.27221 Using the weighted-average method of process costing, reconcile the total cost of work in process. Note: 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 $ 93,628 $ 232,000 $ 325,628 Ending Inventory Total Cost Accounted for $ 75,272 46,400 168,900 $ 278,400 $ 121,672 447,300 < Required 3 Required 4