3. (9 points) Anchor Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process .. 5,000 Costs in the beginning inventory: Materials cost .. $67,000 Units started into production during the month ..130,000 Units completed and transferred out 120,000 Costs added to production during the month: Materials cost.. Conversion co. $500,000 $226,000 Work in process, ending: Units in process % of completion with respect to materials % of conmpletion with respect to conversion. 15,000 40% 20% Required: Prepare a process costing departmental production report (calculation of equivalent units, cost per equivalent unit, and cost reconciliation) for the department using the weighted-average method. Round the cost per unit to the nearest cent