3. (10 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... 20,000 Costs in the beginning inventory: Materials cost..... $105,000 Conversion cost... $140,000 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. $600,000 Conversion cost... $763,000 Work in process, ending: Units in process... 30,000 70% 30% % of completion with respect to materials. % of completion with respect to conversion.. 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