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, 604 for conversion) Direct materials Conversion cost 75,900 units $ 5,900 $ 18,400 Number of units started 100,900 units July costs Direct materials Conversion cost $ 7,400 $ 24,900 Work in process, July 31 (100% complete for materials, 100 for conversion) 70,900 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