Computing Equivalent Production, Unit Costs, and Costs for Completed Units and Ending Inventory Precision Inc. manufactures wristwatches on an assembly line. The work in process inventory as of March 1 consisted of 1,000 watches that were complete as to materials and 75% complete as to labor and overhead. The March 1 work in process costs were as follows: Materials... $5,000 Labor. 5,000 Overhead.. 8,000 $18,000 Total.. During the month, 10,000 units were started and 9,500 units were completed. The 1,500 units of ending inventory were complete as to materials and 25% complete as to labor and overhead. The costs for March were as follows: Materials... $ 61,000 Labor...... Overhead 20,000 48,000 $129,000 Total.. a. Calculate the equivalent units for material, labor, and overhead, using the weighted average cost method Equivalent units Material 11000 9875 Labor and overhead b. Calculate the unit costs for materials, labor, and overhead (Round your answers to two decimal places, if necessary.) Use rounded answers in subsequent requirements. Unit Costs Material $ Labor $ 2.53 Overhead $ 5.67 Total $ 14.2 c. Calculate the cost of the units completed and transferred. S 134900 d. Calculate the detailed cost of the ending Inventory. $ e. Calculate the total of all costs accounted for. *