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............................................................ $281,250 Conversion cost ........................................................ $50,000 Units started into production during the month .............. 130,000 Units completed and transferred out ............................... 110,000 Costs added to production during the month: Materials cost ............................................................... $500,000 Conversion cost............................................................ $400,000 Work in process, ending: Units in process............................................................ 25,000 % of completion with respect to materials................... 60% % of completion with respect to conversion................ 40% 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.