What is the conversion cost per equivalent unit, when the total conversion cost for the period is $1,225 and the total units of packaged drinking water produced during the same period is 5,000 gallons (70 percent complete?

Below is the complete list of items in processing for 5,000 gallons:

Direct material rate for 5,000 gallons is $5,000,While the conversion rate for 5,000 gallons in 70% completed is 1,225.Total Complete list of the items in process is $6,225Direct Materials cost for 60 gallons is 66,000,Direct labor rate is 10,500factory overhead applied for the month is 7,275 therefore, total production cost is amounting to $90,000

Peter seems to be building a historical or past sales method to forecast future sales. In this model, you use past sales data to determine what the average sales have been for certain periods and use that number to forecast predicted sales for the same time period for the current year.