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

Beginning inventory		-0-
Units started in production		20,600
Units finished during the period		16,300
Units in process at the end of the period (complete as to materials, complete as to labor and overhead)		4,300
Cost of materials used	$	38,570
Labor and overhead costs	$	39,615

Cost per equivalent unit of materials is:

Multiple Choice

• $2.28.

• $2.13.

• $1.92.

• $1.87.