Diamond Inc. manufactures jewelry. The company has two departments, Assembly and Polishing. For the Assembly Department, material is added when the process is 60% complete. Work happens evenly throughout the process, so Conversion Costs are added evenly to the product. Once assembly is complete, the jewelry pieces are immediately transferred to the Polishing Department. Once the polishing is complete, the final product is transferred to Finished Goods Inventory. Data for the Assembly Department is as follows: Equiv Units Ending Equiv Units Open WIP New Costs Direct Materials 210 $6,000 $15,600 Conversion Costs 235 25 $750 $13,430 Actual units Ending Inventory 50 Units Transferred out 210 (6 marks) Provide calculations in good form for the costs per equivalent units and the total cost reconciliation for the department. (1 Mark) If the previous month's ending inventory is 60 and Conversion Costs were 45% complete, what is the the previous cost/unit? How does that compare to the current month's rate