The Lakeside Company uses a weighted-average process costing system. The following data are available:

Beginning inventory		-0-
Units started in production		21,000
Units finished during the period		16,500
Units in process at the end of the period (complete as to materials, complete as to labor and overhead)		4,500
Cost of materials used	$	41,000
Labor and overhead costs	$	43,710

Cost per equivalent unit of materials is:

Multiple Choice

• $2.30.

• $1.95.

• $2.08.

• $2.48.