Peter's Pan Co. manufactures cookware. The company has two departments, Forming and Finishing. Work happens evenly throughout the process, so Conversion Costs are added evenly to the product. Once forming is complete, the cookware pieces are immediately transferred to the Finishing Department. Once the finishing is complete, the final product is transferred to Finished Goods Inventory. Data for the Forming Department is as follows: Direct Materials Conversion Costs Equiv Units Ending Equiv Units Open WIP New Costs 1,760 1,515 560 315 Actual units $1,789 $34,523 $4,210 $30,523 Ending Inventory Units Transferred out 700 1,200 (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 350 and Conversion Costs were 65% complete, what is the the previous cost/unit? How does that compare to the current month's rate?