The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory...
The Lakeside Company uses a weighted-average process costing system. The following data are available:
| Beginning inventory | -0- | ||
| Units started in production | 23,000 | ||
| Units finished during the period | 17,500 | ||
| Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) |
5,500 |
||
| Cost of materials used | $ | 53,750 | |
| Labor and overhead costs | $ | 55,755 | |
Cost per equivalent unit of materials is:
-
$2.95.
-
$2.66.
-
$2.42.
-
$2.34.
Homework Answers
equivalent unit of material = 17500+5500 = 23000
Cost per equivalent unit of material = 53750/23000 = 2.34
So answer is d) $2.34
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The Lakeside Company uses a weighted-average process costing
system. The following data are available:
Beginning inventory...
The Lakeside Company uses a weighted average process costing system. The following data are available: 23,200...
The Lakeside Company uses a weighted average process costing system. The following data are available: 23,200 17,500 Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (complete as to materials, % complete as to labor and overhead) Cost of materials used Labor and overhead costs 5,700 $55,080 $57,075 Total cost of the 17,500 units finished is:
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory...
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0- Units started in production 20,400 Units finished during the period 16,200 Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) 4,200 Cost of materials used $ 37,370 Labor and overhead costs $ 39,675 Cost per equivalent unit of labor and overhead is: $2.07. $1.94. $2.30. $2.45.
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory...
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: Multiple Choice 20,000. 17,000. 16,000. 19,000.
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory...
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0- Units started in production 23,800 Units finished during the period 17,900 Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) 5,900 Cost of materials used $ 59,130 Labor and overhead costs $ 61,110 Cost per equivalent unit of materials is: Multiple Choice $2.48. $2.57. $3.15. $2.82.
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory...
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0- Units started in production 20,200 Units finished during the period 16,100 Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) 4,100 Cost of materials used $ 36,180 Labor and overhead costs $ 41,100 Total cost of the 16,100 units finished is: Multiple Choice $67,477. $71,772. $77,319. $66,852.
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory...
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0- Units started in production 24,000 Units finished during the period 17,900 Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) 6,100 Cost of materials used $ 60,500 Labor and overhead costs $ 62,480 Total cost of the 17,900 units finished is: Multiple Choice $102,698. $111,447. $123,011. $109,467.
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory...
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 Total cost of the 4,000 units of the ending inventory: Multiple Choice $9,240. $14,520. $8,910. $15,840.
The Lakeside Company uses a weighted average process costing system. The following data are available: 22,800...
The Lakeside Company uses a weighted average process costing system. The following data are available: 22,800 17,400 Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (complete as to materials, % complete as to labor and overhead) Cost of materials used Labor and overhead costs 5,400 $52,430 $45,060 Cost per equivalent unit of materials is: Multiple Choice O $2.30. O O $2.40. O $2.21. O $198.
The Lakeside Company uses a welghted-average process costing system. The following data are available: -- 23,800...
The Lakeside Company uses a welghted-average process costing system. The following data are available: -- 23,800 17,800 Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (complete as to materials, % complete as to labor and overhead) Cost of materials used Labor and overhead costs 6,000 $59,130 $61,110 Total cost of the 17,800 units finished is: Multiple Choice $109,060. $107,080. $120,272. $100,584
The Lakeside Company uses a welghted-average process costing system. The following data are available: -0- 20,000...
The Lakeside Company uses a welghted-average process costing system. The following data are available: -0- 20,000 16,000 Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (complete as to materials, % complete as to labor and overhead) Cost of materials used Labor and overhead costs 4,000 $35,200 $37,400 Total cost of the 4,000 units of the ending Inventory: Multiple Choice $9,240. $14,520. $8.910. $15,840.
The Lakeside Company uses a weighted average process costing system. The following data are available: 23,200 17,500 Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (complete as to materials, % complete as to labor and overhead) Cost of materials used Labor and overhead costs 5,700 $55,080 $57,075 Total cost of the 17,500 units finished is:
The Lakeside Company uses a weighted average process costing system. The following data are available: 22,800 17,400 Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (complete as to materials, % complete as to labor and overhead) Cost of materials used Labor and overhead costs 5,400 $52,430 $45,060 Cost per equivalent unit of materials is: Multiple Choice O $2.30. O O $2.40. O $2.21. O $198.
The Lakeside Company uses a welghted-average process costing system. The following data are available: -- 23,800 17,800 Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (complete as to materials, % complete as to labor and overhead) Cost of materials used Labor and overhead costs 6,000 $59,130 $61,110 Total cost of the 17,800 units finished is: Multiple Choice $109,060. $107,080. $120,272. $100,584
The Lakeside Company uses a welghted-average process costing system. The following data are available: -0- 20,000 16,000 Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (complete as to materials, % complete as to labor and overhead) Cost of materials used Labor and overhead costs 4,000 $35,200 $37,400 Total cost of the 4,000 units of the ending Inventory: Multiple Choice $9,240. $14,520. $8.910. $15,840.
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