$(12$ 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

Costs in the beginning inventory:

Materials cost

Conversion cost

Units started into production during the month

Units completed and transferred out

Costs added to production during the month:

Materials cost

Conversion cost

Work in process, ending:

Units in process

$\%$ of completion with respect to materials

$\%$ of completion with respect to conversion

$8,000$

$$262,000$

$$562,000$

$125,000$

$113,000$

$$500,000$

$$330,500$

$20,000$

$70\%$

$30\%$

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.