Glencove Co. makes one model of radar gun used by law enforcement officers. All direct materials are added at the beginning of the manufacturing process. Information for the month of September follows: Units Costs Beginning work in process (40% complete) $1,327,500 Direct materials Conversion cost 616,800 1,944,300 Total cost of beginning work in process Number of units started 35,500 Number of units completed and transferred to finished goods 33,900 Ending work in process (75% complete) 20,950 Current period costs Direct materials $2,393,400 1,257,500 Conversion cost $3,650,900 Total current period costs Required: 1 & 2. Using FIFO method of process costing, complete each of the following steps:
a. Reconcile the number of physical units worked on during the period.
b. Calculate the number of equivalent units.
c. Calculate the cost per equivalent units.