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 $67,000 Units started into production during the mont.h.130,000 Units completed and transferred out.120,000 Costs added to production during the month: . $500,000 $226,000 Materials cost Work in process, ending: Units in process % ofcompletion with respect to materials % of completion 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