At the end of the month, Lakeshore Company calculated equivalent units of production for the second department of the production process as shown below. UNITS Equivalent Units Direct Materials Costs Units accounted for Equivalent Units Conversion Costs Completed and transferred out Ending work-in-process Equivalent Units Transferred In 15,800 1,100 16,900 OA. $17,193 and $311,307.5 OB. $16,637.5 and $294,670 OC. $94,057.5 and $315,185 O D. $131,503 and $300,060 15,800 880 16,680 15,800 The cost per equivalent unit using the weighted average method is $6.00 for material costs, $7.75 for conversion costs, and $4.90 for the units transferred in. What is the total cost of the units in ending work-in-process and the total cost of the units completed and transferred out? CO 770 16,570

At the end of the month, Lakeshore Company calculated equivalent units of production for the second department of the production process as shown below. UNITS Equivalent Units Direct Materials Costs Units accounted for Equivalent Units Conversion Costs Completed and transferred out Ending work-in-process Equivalent Units Transferred In 15,800 1,100 16,900 OA. $17,193 and $311,307.5 OB. $16,637.5 and $294,670 OC. $94,057.5 and $315,185 O D. $131,503 and $300,060 15,800 880 16,680 15,800 The cost per equivalent unit using the weighted average method is $6.00 for material costs, $7.75 for conversion costs, and $4.90 for the units transferred in. What is the total cost of the units in ending work-in-process and the total cost of the units completed and transferred out? CO 770 16,570

Name: At the end of the month, Lakeshore Company calculated equivalent unit
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Description: At the end of the month, Lakeshore Company calculated equivalent units of production for the second department of the production process as shown below:UNITSUnits accounted forEquivalent UnitsDirect Materials Costs15,800Completed and transferredoutE

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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