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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 22,000 Units finished
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0- Units started in production 22,000 Units finished during the period 16,900 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 5,100 $47,250 $47,515 Cost per equivalent unit of labor and overhead is:
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First lets calculate the equivalent units of production for materials labor and overhead costs 1 Equivalent units of production for materials Equivale...Get Instant Access to Expert-Tailored Solutions
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