$12$ 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............................................................ $8,000$

Costs in the beginning inventory:

Materials cost............................................................ $$262,000$

Conversion cost........................................................ $$562,000$

Units started into production during the month.............. $125,000$

Units completed and transferred out............................... $113,000$

Costs added to production during the month:

Materials cost............................................................... $$500,000$

Conversion cost............................................................ $$330,500$

Work in process, ending:

Units in process............................................................ $20,000$

$\%$ of completion with respect to materials................... $70\%$

$\%$ of completion with respect to conversion................ $30\%$

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.