The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning...
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Accounting
The Lakeside Company uses a weighted-average process costing system. The following data are available:
Beginning Inventory -0-
Units started in Production 23,400
Units finished during the period 17,700
Units in process at the end of the period(completed as to materials, 1/4 complete as to labor and overhead) 5,700
Cost of materials used $56,420
Labor and overhead costs $59,365
Unit cost of material is:
A. $2.78.
B. $2.41.
C. $3.10.
D. $2.54.
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