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:

Requirements
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 €œTotal 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?

Equivalent Units Transferred- Direct Conversion Materials 70,000 in Costs edo70,000 Units completed and transferred out...... Units in ending work in process, February 28. 70,000 Total equivalent units Cost per equivalent unit. 10,000 80,000 $2.64 8,000 78,000 $0.15 4,000 74,000 $1.26