Additional Problem 4-1 In March, Lasso Manufacturing had the following unit production costs: materials $11 and conversion costs $7. On March 1, it had zero work in process. During March, Lasso transferred out 23,300 units As of March 31, 2,000 units that were 60% complete as to conversion costs and 100% complete as to materials were in ending work in process. Calculate the total units to be accounted for The total units to be accounted Calculate the equivalent units of production. Material Conversion Equivalent units of production Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process. LASSO MANUFACTURING (Partial) Production Cost Report For the Month Ended March 31 Conversion Costs Materials Total nit costs Costs in March Equivalent units Unit costs osts In process, March 1 Costs in March Total costs: sts accounted for Transferred out In process, March 1 Started and completed In process, March 31 Materials Conversion costs Total costs