TB MC Qu. 8-53 (Static) The Lakeside Company uses a weighted- average... The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0- Units started in production 20,000 Units finished during the period 16,000 Units in process at the end of the period (complete as to materials, complete as to labor and overhead) 4,000 Cost of materials used Labor and overhead costs Cost per equivalent unit of materials is $35,200 $37,400 earch Multiple Choice O $2.20 $2.07 $1.85. a Units finished during the period 16,000 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 4,000 $35,200 $37,400 Cost per equivalent unit of materials is: Multiple Choice $2.20 O $2.07 $1.85. $1.76. O