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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:

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:

  • $102,698.

  • $111,447.

  • $123,011.

  • $109,467.

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Answer #1

Answer: Option ( A ) $102,698

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