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, * complete as to labor and overhead) 4,600 Cost of materials used $40,000 Labor and overhead costs $41,000 Equivalent units of production for labor and overhead are:

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, * complete as to labor and overhead) 4,600 Cost of materials used $40,000 Labor and overhead costs $41,000 Equivalent units of production for labor and overhead are:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Refer to the following selected financial information from Texas Electronics. Compute the company's working capital for Year 2. Year 1 $ 33,250 Year 2 $ 38,500 100,000 90,500 65,000 84,500 126,000 130,000 13,100 10,700 393,000 343,000 108,400 112,800 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold 716,000 395,000 681,000 380,000
am. 115.
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