1. The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory 1,000 units (100% complete as to materials and 50% complete as to labor and overhead); Units started in production 19,000; Units finished during the period 16,000; Units in process at the end of the period (100% complete as to materials and 25% complete as to labor and overhead) 4,000; Costs in beginning inventory were materials of $1,500 and Labor and overhead costs $1,000; Cost added during the period were $35,200 for materials and Labor and overhead costs of $37,400. What is the weighted average cost per equivalent unit of materials for the period? (Round to the nearest $.001.)

2. Riverwood Manufacturing recorded the following information for the month of August pertaining to its use of materials in Work in Process: beginning inventory 4,000 equivalent units valued at $13,500; materials of $202,000 were added during the month; ending inventory consisted of 15,000 equivalent units; and 40,000 units were completed and transferred to the next department. What is the FIFO value of materials transferred out of ending Work in Process Inventory for the month of September? (Round to the nearest $1.00.)