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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 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 | |
Equivalent units of production for material are:
16,000.
17,000.
19,000.
20,000.
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