Question: The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory-0-Units started in production20,000Units finished during the period16,000Units in process

The Lakeside Company uses a weighted-average process costing system. The following data are available:

Beginning inventory-0-Units started in production20,000Units finished during the period16,000Units in process at the end of the period (complete as to materials, complete as to labor and overhead)

4,000Cost of materials used$35,200Labor and overhead costs$37,400

Equivalent units of production for labor and overhead are:

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