Question
Problem #8 The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0- Units started in production 20,000 Units
Problem #8
The Lakeside Company uses a weighted-average process costing system. The following data are available:
| Beginning inventory | -0- | ||
| Units started in production | 20,000 | ||
| Units finished during the period | 16,000 | ||
| Units in process at the end of the period (complete as to materials, complete as to labor and overhead) | 4,000 | ||
| Cost of materials used | $ | 35,200 | |
| Labor and overhead costs | $ | 37,400 | |
Total cost of the 4,000 units of the ending inventory:
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
9th canadian edition
1259269477, 978-1259269479, 978-1259024900
