PA3-1 Preparing a Process Costing Production Report wweighted-Average Method) ILO 3-2, 3-3, 3-4] Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Units Costs Beginning work in process (30% complete) 80,000 80,000 Direct materials Conversion cost 190,000 270,000 Total cost of beginning work in process 152,000 Number of units started Number of units completed and transferred to finished goods Ending work in process (50% complete) 68,000 Current period costs 180,000 Direct materials Conversion cost 314,000 494,000 Total current period costs Required: 1 & 2. Using the weighted-average method of process costing, complete each of the following steps: a. Reconcile the number of physical units worked on during the period. Physical Units Physical Units Beginning Units Units Completed Units Started Ending Units Total Units Total Units b. Calculate the number of equivalent units. Equivalent Units Physical Units Direct Materials Conversion Units Completed Ending Inventory Total