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The Lakeside Company uses a weighted-average process costing system. The following data are available:
Beginning inventory -0- Units started in production 21,800
Units finished during the period 16,900
Units in process at the end of the period (as to materials, ¼ as to labor and overhead) 4,900
Cost of materials used $45,980
Labor and overhead costs$36,300
Problem 1: Cost per equivalent unit of materials is:
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