General Microwave Corp. is engaged primarily in the design, development, manufacture, and marketing of microwave, electronic, and fiber-optic test equipment. components, and subsystems. A substantial portion of the company's microwave product is sold to manufacturers and users of microwave systems and equipment for applications in the defense electronics industry. General Microwave Corp. reports the following information in one of the notes to its financial statements.

Work in process inventor) reflects all accumulated production costs, which are comprised ol direcl production costs and overhead, reduced b\ amounts attributable to units delivered. Work in process inventor) is reduced to its estimated nel realizable Value by a charge to cost ol sales in the period [in which] excess costs are identified.
Raw materials and finished goods inventories are reflected at the lower ol cost of market

Instructions

(a) What types of manufacturing costs are accumulated in the work in process inventory account?

(b) What types of information must General Microwave have to be able to compute equivalent units of production?

(c) How does General Microwave assign costs to the units transferred out of work in process that are completed?