Calculate equivalent units and cost per equivalent unit.

Production Department Details	Units Started	Units Completed	Ending Work in Process	Direct Materials ($)	Conversion Costs ($)
Period Costs	35,000	18,000	3,000	$40,000	$85,000

Requirements:

Calculate equivalent units of production for direct materials and conversion costs.

Determine the cost per equivalent unit for direct materials and conversion costs.

Prepare a cost reconciliation report for the production department.