Question 1 of 2 View Policies Show Attempt History Current Attempt in Progress The Cutting Department of Lasso Company has the following production and cost data for August. Production Costs 1. Started and completed 10,000 units. Beginning work in process $0 2. Started 2.000 units that are 40% completed at August 31. Materials 45,000 Labor 13,600 Manufacturing overhead 16,100 2.67/8 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) Your answer is correct. 31 dtv