Question: The Lakeside Company uses a weighted average process costing system. The following data are available: -0- 21,000 16,500 Beginning inventory Units started in production Units

The Lakeside Company uses a weighted average process costing system. The following data are available: -0- 21,000 16,500 Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (complete as to materials, % complete as to labor and overhead) Cost of materials used Labor and overhead costs 4,500 $41,000 $43,710 Cost per equivalent unit of materials is: Cost per equivalent unit of materials is: Multiple Choice $248 $2.08. $1.95 $2.30
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