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 60,000 units $ 88,000 $118,000 Conversion cost 166,000 units Number of units started April costs Direct materials Conversion cost $234,000 $344,000 Work in process, April 30 (100% complete for materials, 20% for conversion) 84,000 units Required Using the FIFO method, complete each of the following steps: 1. Reconcile the number of physical units worked on during the period. Physical Units Physical Units Units Completed Ending Units Beginning Units Units Started Total Units Total Units 2. Calculate the number of equivalent units. Equivalent Units Physical Units Direct Conversion Materials Beginning Inventory Started and Completed Ending Inventory Total Units 3. Calculate the cost per equivalent unit. (Round your answers to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit . Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Current Period Costs Prior Direct Total Period Conversion Cost Materials Beginning Inventory Started and Completed Ending Inventory Accounted for