Question 1 of 2 < > The Cutting Department of Lasso Company has the following production and cost data for August. Production Costs 1. Started and completed 10,000 units. 2. Started 2,000 units that are 40% completed at August 31. Beginning work in process Materials $0 45,000 Labor 13,600 Manufacturing overhead 16.100 6.93/8 E Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Lasso Company uses the FIFO method to compute equivalent units. (a) e 82 2 Your answer is correct. Determine the equivalent units of production for (1) materials and (2) conversion costs. The equivalent units of production 54 80 $ #3 W E 74 85 Materials 12.000 PS Kitni Rable Pro. 96 & 7 Conversion Costs P g: R T Y U 10,800. tv A 8 +00 4 Di FR 61 O 0 910 P Aa