Gamma Lights Machining Uses the Weighted-Average Method of Process Costing

question 36

Essay

Gamma Lights Machining uses the weighted-average method of process costing.Materials are added at the beginning of the machining process and conversion costs are added evenly throughout the process.The following activity occurred in its' Machining Department during September.
Units:

Costs:

Required:
1.Summarize flow of physical units and compute total equivalent units for three cost categories: transferred-in,direct materials,and conversion costs.
2.Summarize total costs to account for and compute the cost per equivalent unit for each cost category.
3.Assign total costs to (a)units completed and transferred to Finished Goods Inventory and (b)units in September 30 Work in Process Inventory.

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Definitions:

Imc Efforts

Integrated Marketing Communications efforts, which coordinate various promotional tools and channels to provide a clear, consistent, and compelling message about an organization and its products.

Online Shopping

The process of buying goods and services over the internet through online stores or platforms.

Direct Marketing

A form of advertising that allows businesses to communicate directly with potential customers through various mediums, including email, mail, and phone calls.

Matching Accessories

Items designed to complement and enhance the aesthetic or functional value of a primary product, often used to complete or enhance an outfit or gadget.