Question: Problem #6 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

Problem #6

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

Cost per equivalent unit of materials is:

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