Question: The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory-0- Units started in production24,000 Units finished during the period17,900
The Lakeside Company uses a weighted-average process costing system. The following data are available:
Beginning inventory-0-
Units started in production24,000
Units finished during the period17,900
Units in process at the end of the period
(complete as to materials,
complete as to labor and overhead)6,100
Cost of materials used $60,500
Labor and overhead costs $62,480
Total cost of the 17,900 units finished is:
- $102,698.
- $111,447.
- $123,011.
- $109,467.
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