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.

Physical Units Physical Units

Beginning Units: _____________ Units Completed: ____________

Units Started: _____________ Ending Units: ____________

2. Calculate the number of equivalent units.

Uquivalent Units

Physical Units Direct Materials Conversion

Units Completed: ___________ _____________ __________

Ending Inventory: ___________ _____________ ___________

Total Units: ____________ _____________ ___________

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: ______________ _____________ ___________

Total Units: _____________ Total Units: _____________