Question: The Lakeside Company uses a weighted average process costing system. The following data are available: Beginning inventory Units started in production Units finished during the
The Lakeside Company uses a weighted average process costing system. The following data are available: Beginning inventory Units started in production Units finished during the period 20,000 16,000 Units in process at the end of the period (complete as to materials, a complete as to labor and overhead) 4,000 Cost of materials used $35,200 Labor and overhead costs $37,400 Unit cost of material is: A. $2.20 B. $2.07. C. $1.85. D. $1.76
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