Mirada Company manufactures handheld calculators and has the following information available for the month of July Work in process, July 1 (100% complete for materials, 24% for conversion) Direct materials Conversion cost 72,000 units $119,000 $201,000 Number of units started 94,000 units July costs Direct materials Conversion cost $218,000 $239,000 Work in process, July 31 (100% complete for materials, 10% for conversion) 72,000 units 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. Units Co Ending Units Total Units Beginning Units Units Started Total Units 2. Calculate the number of equivalent units. quivalent U Physical Direct Convers Units Completed Ending In Total Units 3. Calculate cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.) Conversion Cost per Unit 4. Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Conversion Total Cost Units Completed Ending In Total Cost Accounted for