mined under the weighted ethod and the first-in, first- method? nies make to the sales value at split-off method of accounting for joint products. EXERCISES E6-1 Computing equivalent units of production Using the data given for Cases 1-3 below, and assuming the use of the average cost method, compute the separate equivalent units of production-one for materials and one for labor and overhead- under each of the following assumptions (labor and factory over- head are applied evenly during the process in each assumption): Assumptions: a. All materials go into production at the beginning of the process. b. All materials go into production at the end of the process. (Note that this would have to be a department subsequent to the first department for all materials to be added at the end of the process.) At the beginning of the process, 75% of the materials go into production and 25% go into production when the process is one-half completed. Note that you will have three solutions for each of the following C. cases: Case 1-Started in process 5,000 units; finished 3,000 units; work in process, end of period, 2,000 units, three-fourths completed. Case 2-Opening inventory 5,000 units, three-fifths completed; started in process 40,000 units; finished 39,000 units; work in pro- cess, end of period, 6,000 units, one-fourth completed. All Rights Renal. May be copied, color duplicated whole risport. Due to dectronic right thinyle may be feelook and/or Chap upprudce does not truly affect the overall experience. Cenage Leaves the right to remove itinal colon at any time if sheque at rights restrictions require Chapter 6-Process Cost Accounting - Additional Proc Case 3- Opening inventory 1,000 units, one-half completed, and 8,000 units, one-fourth completed; started in process 30,000 units; finished 29,000 units; closing inventory work in process 5,000 units, one-fourth completed, and 5,000 units, one-half completed