Required information [The following information applies to the questions displayed below.] Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (100% complete for materials, 40% for conversion) Direct materials Conversion cost Number of units started April costs Direct materials Conversion cost Work in process, April 30 (100% complete for materials, 20% for conversion) 52,000 units $ 80,000 $110,000 158,000 units $ 226,000 $ 336,000 80,000 units Required: Using the weighted-average method, 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 the cost per equivalent unit. 4. Reconcile the total cost of work in process. Required 1 Required 2 Required 3 Required 4 Using the weighted-average method, calculate the number of equivalent units. Physical Units Equivalent Units Direct Materials Conversion Units Completed 52,000X 78,000 x 78,000 x Ending Inventory 80,000 80,000 16,000 Total Units 132,000 158,000 94,000 < Required 1 Required 3 > Required 1 Required 2 Required 3 Required 4 Using the weighted-average method, reconcile thel Required 4 work in process. Note: Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to th Units Completed Direct Materials Conversion Total Cost Ending Inventory 114,430 x 42,939 x 157,369 x Total Cost Accounted for $ 114,430 $ 42,939 $ 157,369 < Required 3 Required 4 >