The Lakeside Company uses a weighted average process costing system. The following data are available: -- 23,400 17,700 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 5,700 $56,420 $59, 365 Cost per equivalent unit of materials is: Multiple Choice $310 $2.54