(Solution) - After completing Steps 1 4 of the process costing procedure Doyle -(2025 Original AI-Free Solution)

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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?
3. What is Doyle Corporation's average cost of making each unit of its product from the first production department all the way through the final production department?