Moravia Company processes and packages cream cheese. The following data have been compiled for the month of April. Conversion activity occurs uniformly throughout the production process. Problem 4-29Straightforward Weighted-Average Process Costing; Step-by-Step Approach(LO 4-3, 4-4, 4-5)2. Equivalent units, direct material: 110,000Work in process, April 110,000 units: Direct material: 100% complete, cost of .........................................................................................................$ 22,000 Conversion: 20% complete, cost of .................................................................................................................4,500 Balance in work in process, April 1 ..................................................................................................................$ 26,500Units started during April ......................................................................................................................................100,000Units completed during April and transferred out to finished-goods inventory .................................................80,000Work in process, April 30: Direct material: 100% complete Conversion: 33 1 3 % completeCosts incurred during April: Direct material ..................................................................................................................................................$198,000 Conversion costs: Direct labor ...................................................................................................................................................$ 52,800 Applied manufacturing overhead ................................................................................................................105,600 Total conversion costs .................................................................................................................................$158,400Required: Prepare schedules to accomplish each of the following process-costing steps for the month of April. Use the weighted-average method of process costing. 1. Analysis of physical flow of units. 2. Calculation of equivalent units. 3. Computation of unit costs. 4. Analysis of total costs. 5. Build a spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements. Show how the solution will change if the following data change: the April 1 work-in-process costs were $66,000 for direct material and $18,000 for conversion.