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The Lakeside Company uses a weighted average process costing system. The following data are available: 25,000 20,000 Beginning inventory Units started in production Units finished
The Lakeside Company uses a weighted average process costing system. The following data are available: 25,000 20,000 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 5,000 $54,000 $43,400 Total cost of the 5,000 units of the ending Inventory: (Round Intermediate calculations to two decimal places and round your final answer to the nearest whole dollar.)
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