The Cutting Department of Lasso Company has the following production and cost data for August. Production Costs 1. Started and completed 10,500 units. Beginning work in process $0 2. Started 2,400 units that are 40% completed at August 31. Materials 58,050 Labor 13,900 Manufacturing overhead 18,761 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. Determine the equivalent units of production for (1) materials and (2) conversion costs. The equivalent units of production Materials Conversion Costs Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Unit costs $ eTextbook and Media Conversion Costs Show the assignment of manufacturing costs to units transferred out and in work in process. (Round unit e.g. 2.25 and final answers to O decimal places, e.g. 1,225.) Assignment of Costs Transferred out Work in process, August 31 Materials Conversion costs Total costs A Show the assignment of manufacturing costs to units transferred out and in work in process. (Round unit costs to 2 decimal places, es. 2.25 and final answers to O decimal places, e.g. 1,225.) Assignment of Costs Transferred out Work in process, August 31 Materials Conversion costs Total costs