The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0-
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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 | 23,600 | ||
Units finished during the period | 17,700 | ||
Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) | 5,900 | ||
Cost of materials used | $ | 57,770 | |
Labor and overhead costs | $ | 61,680 | |
Total cost of the 17,700 units finished is:
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