Please help - important note, the questions use different values and are not the

Question

Please help - important note, the questions use different values and are not the same data-sets, please be sure to look at the values carefully for each of the questions, thank you for your help!

The Lakeside Company uses a weighted-average process costing system. The following data are available Beginning inventory Units started in production Units finished during the period 23,600 Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) Cost of materials used Labor and overhead costs 5,900 57,770 61,680 Total cost of the 17,700 units finished is: (Round intermediate calculations to two decimal places and round your final answer to the nearest whole dollar) O $104,708. $119482. $100,359. o $108,618.

Explanation / Answer

1) Equivalent unit of material = 17700+(5900*100%) = 23600

Equivalent unit of conversion = 17700+(5900/4) = 19175

Cost per equivalent unit of material = 57770/23600 = 2.45

Cost per equivalent unit of conversion = 61680/19175 = 3.22

Cost of unit finished = (2.45+3.22)*17700 = 100359

So answer is c) $100359

2) Equivalent unit of material = 20000

Equivalent unit of conversion = 16000+(4000/4) = 17000

Cost per equivalent unit of material = 35200/20000 = 1.76

Cost per equivalent unit of conversion = 37400/17000 = 2.2

Cost of ending inventory = (4000*1.76+2.2*1000) = 9240

So answer is a) $9240

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