- /1 View Policies Current Attempt in Progress Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs we incurred uniformly. Production and cost data for the month of July 2020 are as follows. Units Percent Complete 550 60% 1400 Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data -Basketballs Work in process. July 1 600 40 Materials 5750 Conversion costs 010 $1.360 Direct materials -/1 2.370 Direct labor 654 Manufacturing overhead 1.280 Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units e Textbook and Media Materials Conversion Costs Equivalent Units eTextbook and Media D Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, eg.2.25) Materials Conversion Costs Cost per unit $ $ Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, eg. 2.25.) -/1 Materials Conversion Costs Cost per unit $ S e Textbook and Media Calculate the assignment of costs to units transferred out and in process at the end of the accounting period. Costs accounted for: S Transferred out -/1 Materials Conversion costs Total costs $ eTextbook and Media Prepare a production cost report for the month of July for the basketballs (Round unit costs to 2 decimal places, eg. 2.25 and all other answers to 0 decimal places, eg 2.250.) Prepare a production cost report for the month of July for the basketballs (Round unit costs to 2 decimal places, eg, 2.25 and all other answers to decimal places. e.g. 2,250.) - /1 POLK COMPANY Basketball Department Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Quantities Physical Units Materials Conversion Costs Units to be accounted for Work in process, July 1 Started into production THI Total units Units accounted for Transferred out Work in process, July 31 Total units Conversion Costs Costs Materials -71 IN Costs "Materials Conversion Costs Unit costs Total costs S Equivalent units Unit costs $ S 5 Costs to be accounted for Work in process, July 1 Work in process, July 1 $ Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in becsJuly ./1 Work in process, July 31 Materials Conversion costs Total costs e Textbook and Media Attempts: 0 of 3 used Submit Answer Soorate