The cutting department of Lasso Company has the following production & cost data for the month of August: Production Costs 1. Started & completed 10,000 units Beginning work in process $0 2. Started 2,000 units that are 40% completed at Aug 31 Material 45,000 Labour Manufacturing Overheads 13,600 16,100 Save Answer Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Lasso Company uses weighted average method to compute equivalent units. Required: a. Determine the equivalent units of production for i) materials and ii) conversion costs b. Compute the unit costs and show the assignment of manufacturing costs to units transferred out and in work in process.