The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory Units started in production -0- 26,500 Units finished during the period 21,200 Units in process at the end of the period (complete as to materials, * complete as to labor and overhead) 5,300 Cost of materials used $45,600 Labor and overhead costs $45,200 Equivalent units of production for materials are:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  • 21,200.

  • 22,200.

  • 25,500.

  • 26,500.

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-
26,500
21,200
Units in process at the end of the period
(complete as to materials,
* complete as to labor and overhead)
5,300
Cost of materials used
$45,600
Labor and overhead costs
$45,200
Equivalent units of production for materials are:
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- 26,500 21,200 Units in process at the end of the period (complete as to materials, * complete as to labor and overhead) 5,300 Cost of materials used $45,600 Labor and overhead costs $45,200 Equivalent units of production for materials are:
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