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

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 labor and overhead are:

A) 16,000.
B) 17,000.
C) 19,000.
D) 20,000.

Correct Answer:

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