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The Lakeside Company uses a weighted average process costing system. The following data are available: -- 20,000 16,000 Beginning inventory Units started in production Units
The Lakeside Company uses a weighted average process costing system. The following data are available: -- 20,000 16,000 Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (complete as to materials, % complete as to labor and overhead) Cost of materials used Labor and overhead costs 4,000 $35,200 $37,400 Total cost of the 4,000 units of the ending inventory
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