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2. Fong Company manufactures basketballs Materials are added at the beginning of the production process and conversion costs are incurred uniformly cost data for the
2. Fong Company manufactures basketballs Materials are added at the beginning of the production process and conversion costs are incurred uniformly cost data for the month of July are as follows. Production and Percent Complete for Units Conversion Costs Work in process units. July 1 Additional Units started into production 1000 Units completed and transferred to Finished Goods Inventory Work in process units. July 31 600 Work in process, July S 750 Conversion costs 600 Total Beg WIP S1350 Costs incurred during July S2 400 Direct materials Direct labor 1,580 Manufacturing overhead 1D60 Instructions Prepare a production cost report for the month of July for the basketballs
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