*E21-15B The Cutting Department of Calhoun Manufacturing has the following production and cost data for August. Production Costs 1. Started and completed 8,000 units. Beginning work in process $ 0- 2. Started 2,000 units that are 40% Materials 45,000 completed at August 31. Labor 14,440 Manufacturing overhead 19,000 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Calhoun Manufacturing uses the FIFO method to com- pute equivalent units. Instructions (a) Determine the equivalent units of production for (1) materials and (2) conversion costs. (b) Compute unit costs and show the assignment of manufacturing costs to units trans- ferred out and in work in process