The lakeside company uses a weighted-average process costing system. the following data are available: beginning inventory -0- units started in production 20,000 units finished during the period 16,000 units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) 4,000 cost of materials used $ 35,200 labor and overhead costs $ 37,400 total cost of the 4,000 units of the ending inventory: multiple choice a. $15,840. b. $14,520. c. $9,240. d. $8,910.

Lipman auto parts, a family-owned auto parts store, began january with $10,300.00 in cash. management forecasts that collections from credit customers will be $11,400.00 in january and $14,800.00 in february. the store is scheduled to receive $5,000.00 in cash on a business note receivable in january. projected cash payments include inventory purchases ($13,000.00 in january and $13,600.00 in february) and operating expenses ($2,700.00 each month). lipman auto parts' bank requires a $10,000.00 minimum balance in the store's checking account. at the end of any month when the account balance dips below $10,000.00, the bank automatically extends credit to the store in multiples of $1,000.00. lipman auto parts borrows as little as possible and pays back loans in quarterly installments of $2,000.00, plus 4 percent interest on the entire unpaid principal. the first payment occurs three months after the loan.