The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0- Units started in production 20,000 Units finished during the period 16,000 Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) 4,000 Cost of materials used $ 35,200 Labor and overhead costs $ 37,400 Equivalent units of production for labor and overhead are: 17,000. 16,000. 20,000. 19,000.
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0- Units started in production 20,000 Units finished during the period 16,000 Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) 4,000 Cost of materials used $ 35,200 Labor and overhead costs $ 37,400 Equivalent units of production for labor and overhead are: 17,000. 16,000. 20,000. 19,000.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 3CMA: Kimbeth Manufacturing uses a process cost system to manufacture dust density sensors for the mining...
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The Lakeside Company uses a weighted-average
Beginning inventory -0-
Units started in production 20,000
Units finished during the period 16,000
Units in process at the end of the period
(complete as to materials,
¼ complete as to labor and overhead)
4,000
Cost of materials used $ 35,200
Labor and overhead costs $ 37,400 Equivalent units of production for labor and overhead are:
17,000.
16,000.
20,000.
19,000.
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