CALCULATOR PRI TER VERSION «BACK NEXT Exercise 3-17 (Part Level Submission) The

Question

CALCULATOR PRI TER VERSION «BACK NEXT Exercise 3-17 (Part Level Submission) The Cutting Department of Lasso Company has the following production and cost data for August. Production Costs Started and completed 9,600 units. Started 2,200 units that are 40% completed at August 31, 1. Beginning work in process Materials Labor Manufacturing overhead $0 53,690 13,600 13,124 2. 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) Determine the equivalent units of production for (1) materials and (2) conversion costs Materials Conversion Costs The equivalent units of production Click if you would like to Show Work for this question: Qen Shew Work Attempts: 0 of 15 used SAVE FOR LATER SURNIT ANSKES (b1) The parts of this question must be completed in order. This part will be available when you complete the part above. (b2)

Explanation / Answer

Calculate equivalent unit of production :

Material Conversion Beginning work in process 0 0 Unit started and completed 9600 9600 Ending work in process 2200 2200*40% = 880 Equivalent unit of production 11800 10480

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