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, 28% for conversion) Direct materials Conversion cost Number of units started July costs Direct materials Conversion cost Work in process, July 31 (100% complete for materials, 19% for conversion) 68,000 units $110,000 $ 205,000 101,000 units $214,000 $247,000 70,000 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 Total Units Ending Units Total Units 2. Calculate the number of equivalent units. Units Completed Ending Inventory Total Units Equivalent Units Physical Units Direct Materials Conversion