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Discuss a weighted-average process costing system

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Reference no: EM131757942

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 conversion)
4,000
Cost of materials used $35,200
Conversion costs $37,400

Unit cost of conversion is:

$2.34.

$2.20.

$1.97.

$1.87.

Reference no: EM131757942

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