Exercise 6-2
a.						Equivalent Units
						Material	Labor & Overhead
	Units completed					9,500
	Units, ending process:
		All material				1,500
		25% labor and overhead
	Equivalent units					11,000	-
b.				Material	Labor	Overhead	Total
	Work in process, beg.
	Current costs
	Total costs
	Equivalent units
	Unit costs			$ -	$ -	$ -	$ -
c.	Completed and transferred
d.	Ending work in process:
		Materials
		Labor
		Overhead
		Total
e.	Total costs accounted for						$
		* rounding difference

FILL THE GRAPH OUT:

E6-2 Page 349 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 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 $20,000 Overhead $48,000