Here, Cost / conv. (which is the display name of the "CostPerConversion" field in reports) is exactly equal to Cost (which is the display name of the "Cost" field) divided by Conversions (display name of the "Conversions" field). Total conv. value (display name of the "ConversionValue" field) is not being used for this calculation at all...
About the zero conversions rows, I'll send you some customer IDs and report definitions in a private reply.
Best regards,
Dorian