Required information [The following information applies to the questions displayed below.] Arboles Company manufactures pencils and has the following information available for the month of July: Required: Using the FIFO 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