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:
$$\begin{array} { l r } \text { Beginning inventory } & - 0 - \\\text { Units started in production } & 20,000 \\\text { Units finished during the period } & 16,000 \\\text { Units in process at the end of the period } & \\\text { (complete as to materials, } & 4,000 \\1 / 4 \text { complete as to labor and overhead) } & \\\text { Cost of materials used } & \$ 35,200 \\\text { Labor and overhead costs } & \$ 37,400\end{array}$$


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Total cost of the 16,000 units finished is:

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

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Definitions:

Piaget's Stage

Phases in child development outlined by Jean Piaget, focusing on cognitive processes and how they evolve as the child grows.

Formal Operations

The stage of cognitive development, according to Piaget, where individuals develop the ability to think abstractly, logically, and systematically.

Hypothetical Possibilities

Scenarios or outcomes that are imagined for the purpose of discussion or analysis, not based on current reality.

Preoperational Thought

A stage in Piaget's theory of cognitive development, where children from about 2 to 7 years old engage in symbolic play and struggle with logic and taking the perspective of others.