Cost Reconciliation Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs $ $ eTextbook and Media Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follows. Calculate the equivalent units of production for materials and conversion costs. Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, e.g. 2.25.) eTextbook and Media Calculate the assignment of costs to units transferred out and in process at the end of the accounting period. Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Physical Units Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units Materials Conversion Costs