The Lakeside Company Uses a Weighted-Average Process Costing System -
Total Cost of the 16,000 Units Finished Is:
A)

question 105

Multiple Choice

The Lakeside Company uses a weighted-average process costing system. The following data are available:
$$\begin{array} { l r } \text { Beginning inventory } & - 0 - \\\text { Units started in production } & 20,000 \\\text { Units finished during the period } & 16,000 \\\text { Units in process at the end of the period } & \\\text { (complete as to materials, } & 4,000 \\1 / 4 \text { complete as to labor and overhead) } & \\\text { Cost of materials used } & \$ 35,200 \\\text { Labor and overhead costs } & \$ 37,400\end{array}$$


-
Total cost of the 16,000 units finished is:

• A) $63,360.
• B) $67,320.
• C) $72,640.
• D) $65,120.

---

Definitions:

Neo-Mercantilism

An economic strategy emphasizing national economic policies that restrict imports and promote domestic industries through tariffs, subsidies, and other protectionist measures.

Foreign Competition

The competition that domestic companies face from abroad, often referring to the goods and services offered by companies located in other countries.

Infant Industry Theory

An economic rationale for trade protectionism arguing that emerging domestic industries need protection from international competition until they become mature and competitive.

Protected

Safeguarded from harm or damage through legal, physical, or other means.