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, 25% for conversion)118,000unitsDirect materials$232,000Conversion cost$386,000Number of units started212,000unitsJuly costsDirect materials$418,000Conversion cost$476,000Work in process, July 31(100% complete for materials, 10% for conversion)136,000units

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 cost per equivalent unit.

4.Reconcile the total cost of work in process.