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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,

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, 29% for conversion) 71,000 units
Direct materials $ 129,000
Conversion cost $ 190,000
Number of units started 97,000 units
July costs
Direct materials $ 221,000
Conversion cost $ 245,000
Work in process, July 31
(100% complete for materials, 13% for conversion) 67,000 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.

Physica Units Physical Units
Beginning Units Units Completed
Units Started Ending Units
Total Units Total Units

2. Calculate the number of equivalent units.

Equivalent Units
Physical Units Direct Materials Conversion
Units Completed
Ending Inventory
Total Units 0 0 0
3.

Calculate cost per equivalent unit. (Round your answers to 5 decimal places.)

Direct Materials Conversion
Cost per Equivalent 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.)

Direct Materials Conversion Total Cost
Units Completed
Ending Inventory
Total Cost Accounted for

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