Required information [The following information applies to the questions displayed below.] Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Beginning work in process (30% complete) Units 119, 800 Costs Direct materials $ 196,000 Conversion cost 348, 000 Total cost of beginning work in process $ 544,000 Number of units started 247, 000 Number of units completed and transferred to finished goods Ending work in process (65% complete) 335, 200 ? Current period costs Direct materials Conversion cost Total current period costs $ 511,400 652, 000 1, 163, 400 Required: 1. Using FIFO method of process costing, complete each of the following steps: a. Reconcile the number of physical units worked on during the period. b. Calculate the number of equivalent units. c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 1D Using FIFO method of process costing, reconcile the number of physical units worked on during the period. Beginning Units Units Started Total Units Physical Units 119,800 Units Completed 247,000 Ending Units Physical Units 335,200 31,600 366,800 < Req 1A Req 1B > 366,800 Total Units Req 1A Req 1B Req 1C Req 1D Using FIFO method of process costing, calculate the number of equivalent units. Beginning Inventory Started and Completed Ending Inventory Total Equivalent Units Physical Units Direct Materials Conversion 119,800 119,800 83,860 215,400 215,400 215,400 31,600 31,600 20,540 366,800 366,800 319,800 < Req 1A Req 1C > Req 1A Req 1B Req 1C Req 1D Using FIFO method of process costing, calculate the cost per equivalent unit. Note: Round Cost per Equivalent Unit to 5 decimal places. Direct Materials Conversion Cost per Equivalent Unit $ 1.92857 $ 3.12695 < Req 1B Req 1D > Req 1A Req 1B Req 1C Req 1D Using FIFO method of process costing, reconcile the total cost of work in process. Note: Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount. Beginning Inventory Current Period Costs Prior Period Costs Total Cost Direct Materials Conversion Started and Completed Ending Inventory Total Cost Accounted for $ 0 $ 0 $ 0 $ 0 < Req 1C Req 1D