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 Conversion cost $50, 750 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 $500,000 Conversion cost $226,000 Work in process, ending: Units in process 15,000 % of completion with respect to materials 40% % of completion with respect to conversion 20% 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