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Please answer all the questions, according to the table format, only the answer is needed, thank you very much After completing Steps 1-4 of the
Please answer all the questions, according to the table format, only the answer is needed, thank you very much
After completing Steps 1-4 of the process costing procedure, Delray Corp. arrived at the following equivalent units and costs per equivalent unit for its final production department for the month of August 5 Click the icon to view the data.) Requirements Requirement 1a. How much cost should be assigned to the units completed and transferred out to finished goods inventory during August? Determine the costs that should be assigned to the units completed and transferred out to finished goods inventory. Enter the number of units completed and transferred out in the first answer box, then enter the applicable cost amounts, and finally calculate the total cost. (Enter quantities first and then the cost amounts to the nearest cent.) Delray Corp. Assignment of Costs Direct Conversion Transferred-in Costs Assign costs: Materials Costs Total a. Data table - X Requirements Equivalent Units Transferred Direct Conversion In Materials Costs 74,000 11,000 74.000 5,500 74,000 3,500 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? 3. What is Delray's average cost of making each unit of its product from the first production department all the way through the final production department? Units completed and transferred out Units in ending work in process, August 31 Total equivalent units Cost per equivalent unit 85.000 79,500 77,500 $ 4.00 $ 1.05 $ 1.60 Print Done Print DoneStep by Step Solution
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