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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 conversion) | 4,000 |
Cost of materials used | $35,200 |
Conversion costs | $37,400 |
Unit cost of conversion is:
$2.34. |
$2.20. |
$1.97. |
$1.87. |
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