Calculate equivalent units and determine the cost per equivalent unit for a production department.

Production Department Details	Units Started	Units Completed	Ending Work in Process	Direct Materials ($)	Conversion Costs ($)
Period Costs	20,000	18,000	2,000	$40,000	$60,000

Requirements:

Calculate equivalent units of production for direct materials and conversion costs.

Determine the cost per equivalent unit for direct materials and conversion costs.

Prepare a cost reconciliation report for the production department.