Work in process, May 1 (100\% complete for July, 25% for conversion) Direct materials Conversion cost 126,000 units $240,000 $394,000 Number of units started 220,000 units July costs Direct materials $426,000 Conversion cost $484,000 Work in process, July 31 (100\% complete for materials, 10% for conversion) 144,000 units 3. Calculate cost per equivalent unit. (Round cost per Equivalent Unit to 4. Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 deci the nearest whole dollar amount.)