Required information SB (Static) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the cost of Work in Process [LO 3-2, 3-3, 3-S1) The following information applies to the questions displayed below) Mirada Company manufactures handheldulators and has the following information avallable for the month of July Work in process, July 1 (100% complete for materials, 25 for conversion) Direct materials Conversion cost 126,000 units $240,000 $ 394,000 220,000 units Number of units started July costs Direct materials Conversion cost Work in process, July 31 (1984 complete for materials, 104 for conversion) $426,000 $ 484,000 144,000 units E3-15 (Static) Weighted-Average Method (LO 3-2, 3-3) 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. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Reconcile the number of physical units worked on during the period. Physical Units 126,000 Physical Units Beginning Units Units Completed 432,500 Units Started 220,000 Ending Units Total Units 346,000 Total Units 432,500 Required Required 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the number of equivalent units. Physical Units Equivalent Units Direct Materials Conversion Units Completed Ending Inventory Total Units 0 0 Complete this question, eltering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 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 $ 0 $ 0 $ 0