The Lakeside Company uses a weighted average process costing system. The following data are available: -0- 22,400 17,200 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 5, 200 $49,820 $51,870 Cost per equivalent unit of materials is: Multiple Choice $2.55. $2.22. Cost per equivalent unit of materials is: Multiple Choice $2.55. $2.22. O $2.32 $2.80. The Finishing Department had 6,500 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 40% complete as to conversion costs. 18,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 3,500 units which were 50% complete as to materials and 40% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. How many units were transferred-out during the period? Multiple Choice 24,500. o 21,000. 14,500. a 15,000