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

2,000 units in inventory, 80% as to materials and 40% complet as to conversion costs.

The beginning inventory cost of$8,000consisted of

$5,500of direct material costs and$2,500of conversion cost.

During the month, the forming department started 38,000units. At the end of the month, the forming department had 4,000units in ending inventory, 60% as to materialsand 30%complet 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 $172,960

Conversion added during the month$109,200

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.Showing thecost reconciliation.