Question

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.

0 0
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Answer #1
Answer
The correct option is A : $ 2.48
Explanation
Unit cost of materials
Total material cost / Equivalent units for materials
$ 59,130 / 23,800 =
$2.48
Unit cost of materials = $2.48
Therefor ,
The correct option is A : $ 2.48
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