) 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%

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.