In March, Lasso Manufacturing had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had zero work in process. During March, Lasso transferred out 24,200 units. As at March 31, 2,160 units that were 60% complete as to conversion costs and 100% complete as to materials were in ending work in process.

(a)

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Calculate the total units to be accounted for.

The total units to be accounted for

enter the total units to be accounted for

(b)

Calculate the equivalent units of production.

		Material		Conversion
Equivalent units of production		enter the equivalent units of production		enter the equivalent units of production

(c)

Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process. please provide working notes of this sections in detail.

LASSO MANUFACTURING (Partial) Production Cost Report For the Month Ended March 31
COSTS		Materials		Conversion Costs		Total
Unit costs
Costs in March		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Equivalent units		enter a number of units		enter a number of units
Unit costs		$enter a total amount		$enter a total amount		$enter a total amount
Costs to be accounted for
In process, March 1						$enter a dollar amount
Costs in March						enter a dollar amount
Total costs:						$enter a total amount
Costs accounted for
Transferred out
In process, March 1						$enter a dollar amount
Started and completed						enter a dollar amount
In process, March 31
Materials				$enter a dollar amount
Conversion costs				enter a dollar amount		enter a subtotal of the two previous amounts
Total costs: