The Lakeside Company uses a weighted average process costing system. The following data are available: 22,800 17,400 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 5,400 $52,430 $45,060 Cost per equivalent unit of materials is: Multiple Choice O $2.30. O O $2.40. O $2.21. O $198