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

A)

question 81

Multiple Choice

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

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

---

Definitions:

Learn Through Example

The process of acquiring behaviors, skills, or knowledge by observing and imitating others, a fundamental mechanism of social learning.

Bandura

A psychologist known for his work on social learning theory and the concept of self-efficacy.

Dispositional Traits

Enduring personal characteristics that influence behavior, thoughts, and emotions, consistent across different situations.

Basic Strengths

Fundamental positive qualities or characteristics that individuals possess, which contribute to their overall psychological well-being and resilience.