Question: After completing Steps 1 4 of the process costing procedure Dale

After completing Steps 1–4 of the process costing procedure, Dale Corp., arrived at the following equivalent units and costs per equivalent unit for its finalproduction department for the month of February:
1. How much cost should be assigned to the
a. units completed and transferred out to Finished Goods Inventory during February?
b. partially complete units still in ending work in process inventory at the end of February?
2. What was the “Total cost accounted for” during February? What other important figure must this match? What does this figure tell you?
3. What is Dale’s average cost of making each unitof its product from the first production
department all the way through the final production department?

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  • CreatedApril 30, 2015
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