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S6-12 (similar to) Question Help o 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 December: E: (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 December? 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 Transferred-in Direct Conversion Assign costs: Costs Materials Costs Total a. X Completed and transferred out Conversion costs Direct materials Choi Ending work in process inventory: Total cost of ending work in process inventory 51 Transferred-in costs it fields and then click Check Answer. Clear All Check Answer Requirements - 1. How much cost should be assigned to the a. Units completed and transferred out to finished goods inventory during December? b. Partially complete units still in ending work in process inventory at the end of December? 2. What was the Total Cost Accounted For during December? 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? Print Done Data Table Equivalent Units Transferred Direct Conversion In Materials Costs Units completed and transferred out Units in ending work in process, December 31 88,000 11,000 88,000 6,100 88,000 5,500 99,000 94,100 93,500 Total equivalent units 2.80||$ 0.75$ 1.26 Cost per equivalent unit Print Done

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