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Required Information The following information applies to the questions displayed below.] Mirada Company manufactures handheld calculators and has the following Information available for the month of July. Work in process, July 1 (100% complete for materials, 25% for conversion) Direct materials Conversion cost 121, eee units $ 235, eee $ 389,280 Number of units started 215,80 units July costs Direct materials Conversion cost $ 421, eee $ 479, eee Work in process, July 31 (100% complete for materials, 10% for conversion) 139, eee units Required: Using the FIFO 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. Required 1 Required 2 Required 3 Required 4 Reconcile the number of physical units worked on during the period. Physical Units 121,000 Physical Units Beginning Units 197.000 Units Completed Ending Units Units Started 215,000 139,000 Total Units 336,000 Total Units 336,000 Required 1 Required 2 Required 3 Required 4 Calculate the number of equivalent units. Physical Units 121,000 Equivalent Units Direct Conversion Materials 0 90.750 76,000 76,000 76,000 Beginning Inventory Started and completed Ending Inventory Total Units 139,000 13,900 139,000 336.000 215.000 180,650 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.) Direct Materials S 1.95814 Conversion 2.65154 Cost per Equivalent Unit S Complete this question by entering your answers in the tabs below. 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 and your final answers to the nearest whole dollar amount.) Current Period Costs Prior Period Direct Conversion Total Cost Costs Materials Beginning Inventory S 0 S 0 $ 240,627 S 240,627 Started and Completed 0 148,819 201,517 350.336 Ending Inventory 624.000 275,415 36,856 312,271 Total Cost Accounted for S 624.000 $ 424,234 $ 479,000 S 903,234

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