4. General MotorS Corporation produces a product which requires several departments. To of those departments are the (1) Cutting and (2) Assembly departments. //The company uses a process cost accounting system. During March the company had the following transactions for these departments: (a) Manufacturing overhead is applied to the product based on the following tor each department: Cutting department--200 machine hours at $30 per machine hour. Assembly department-350 direct labor hours at $20 per hour. (b) Units costing $80, 000 were completed in the Cutting Department and were transferred to the Assembly Department. (c) Units costing $58,000 were completed in the Assembly Department and were transferred to Packaging Department Instructions Prepare the journal entries to record the above transactions (b)or General Motors Corporation. sw The Monde lez International Company uses a process cost accounting system and a weighted average cost flow assunption. A production department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process Data for the month of May are as follows: Beginning work in process anvencory. May 1 10,000 units (208 complete) Units started into 340, 000 units Production Ending work in 25,000 units (60 complete) process inventory, May 31 Instructions Answer the following questions and show computations to support your answera a. Prepare a achedule for May showing the physical unit flow and the b. Compute the equivalent units of production for materials and units to account for. converaion costs for the month of May