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

question 217

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 June.
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 June 30 Work in Process Inventory.

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Definitions:

Relational Levels

Refers to the different layers or stages of depth in interpersonal relationships, ranging from superficial to deeply personal connections.

Other-Oriented

Focused on the needs, motives, desires, and goals of others in one’s communication.

Social Decentering

The process of stepping away from your own thoughts and attempting to experience the feelings of another person.

Adapt Communication

The ability to change or modify communication strategies to effectively interact with different audiences or in different contexts.