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 period

 The Lakeside Company uses a weighted-average process costing system. The following

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 -0- 23,200 17,500 Units in process at the end of the period (complete as to materials, Va complete as to labor and overhead) 5,700 $55,080 $ 57,075 Cost of materials used Labor and overhead costs Unit cost of labor and overhead is: $2.46 $3.26 $3.02 $2.72

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