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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 23,000 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 | 23,000 | ||
| Units finished during the period | 18,400 | ||
| Units in process at the end of the period (complete as to materials, complete as to labor and overhead) | 4,600 | ||
| Cost of materials used | $ | 40,000 | |
| Labor and overhead costs | $ | 41,000 | |
Equivalent units of production for labor and overhead are:
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
1259066487, 978-1259066481
