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: Work in process, July 1 (100% complete for materials, 60% for conversion) Direct materials Conversion cost Number of units started July costs Direct materials Conversion cost Work in process, July 31 (100% complete for materials, 10% for conversion) 76,000 units $ 6,000 $ 18,500 101,000 units $ 7,500 $ 25,000 71,000 units 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. Required 1 Required 2 Required 3 Required 4 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 0 Total Units Required 1 Required 2 Required 3 Required 4 Calculate the number of equivalent units. Units Completed Ending Inventory Total Units Equivalent Units Physical Units Direct Materials Conversion 0 0 0 Required 1 Required 2 Required 3 Required 4 Calculate cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.) Direct Materials Cost per Equivalent Unit Conversion 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 an to the nearest whole dollar amount.) Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted for S 0 $ 0 $ 0