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

$4,000$ units in inventory, $40\%$ complete as to materials and $20\%$ 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 $3,000$ 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 $$173,040$

Conversion added during the month $$85,680$

Assume that Foster uses the FIFO method of process costing. Complete the Forming Department cost report for:

Calculating the equivalent units of production.

Calculating the costs per equivalent unit of production. $($Round your answer to $2$ decimal places.$)$

Show the cost reconciliation.