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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