After completing Steps 1-4 of the process costing procedure, Doyle Corporation arrived at the following equivalent units and costs per equivalent unit for its final production department for the month of August:

1. How much cost should be assigned to the
a. units completed and transferred out to Finished Goods Inventory during August?
b. partially complete units still in ending work in process inventory at the end of August?
2. What was the "Total cost accounted for" during August? What other important figure must this match? What does this figure tell you?

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Equivalent Units Direct Conversion Costs 73,000 Transferred-in Material nits completed and transferred out Units in ending work in process August 31 73,000 73,000 Total equivalent units. Cost per equivalent unit 9,500 82,500 2.94 8,200 1,200 $0.55 3,500 76,500 $1.36