The Foster Company has two manufacturing departments, forming and painting. The company uses the FIFO method of process costing. At the beginning of the month, the forming department has 3,000 units in inventory, 60% complete as to materials and 30% complete as to conversion costs. The beginning inventory cost of $8,000 consisted of $5,500 of direct material costs and $2,500 of conversion cost. During the month, the forming department started 40,000 units. At the end of the month, the forming department had 4,000 units in ending inventory, 60% complete as to materials and 20% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department is as follows: Beginning work in process inventory $8,000 Direct materials added during the month $178,200 Conversion added during the month $85,580 Assume that Foster uses the FIFO method of process costing. Complete the Forming Department cost report for: 1. Calculating the equivalent units of production. 2. Calculating the costs per equivalent unit of production. (Round your answer to 2 decimal places.) 3. Show the cost reconciliation