FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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  • 18,400.

  • 19,550.

  • 22,000.

  • 23,000.

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-
23,000
18,400
Units in process at the end of the period
(complete as to materials,
4,600
* complete as to labor and overhead)
Cost of materials used
$40,000
Labor and overhead costs
$41,000
Equivalent units of production for labor and overhead are:
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Transcribed Image Text: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- 23,000 18,400 Units in process at the end of the period (complete as to materials, 4,600 * complete as to labor and overhead) Cost of materials used $40,000 Labor and overhead costs $41,000 Equivalent units of production for labor and overhead are:
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