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

Question

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

Quizplus · Accepted Answer

The equivalent units of production for materials are 20,000 because all units (finished and in process) are complete as to materials.

The Lakeside Company Uses a Weighted-Average Process Costing System Equivalent Units of Production for Material Are: A) 16,000

The Lakeside Company Uses a Weighted-Average Process Costing System Equivalent Units of Production for Material Are:

A) 16,000