Question: The Lakeside Company uses a weighted average process costing system. The following data are available: -0- 20,200 16,100 Beginning inventory Units started in production Units

The Lakeside Company uses a weighted average process costing system. The following data are available: -0- 20,200 16,100 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 4,100 $36,180 $41,100 Cost per equivalent unit of labor and overhead is: Multiple Choice $2.55. $2.03. $2.40. $2.17
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