Ghose 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 2011 are as follows. Production Data-Basketballs Units Percent Complete Work in process units, July 1 500 60% Units started into production 1,000 Work in process units, July 31 600 30% Cost Data - Basketballs Work in process, July 1 Materials $750 Conversion costs 600 $1,350 Direct materials 2,400 Direct labor 1,580 Manufacturing overhead 1,060 Calculate the following. (Round unit costs to 2 decimal places, e.g. 2.25. Use rounded amounts for successive calculations. Round all other answers to 0 decimal places, e.g. 125.) 1 The equivalent units of production for materials and conversion. Materials : Conversion costs : 2 The unit costs of production for materials and conversion costs. Unit cost-Materials $ : 2,1 Unit cost-Conversion costs $ : The assignment of costs to units transferred out and in process at the end of the period. Costs accounted for Transferred out $: Work in process, July 31 Materials $: 1,260 Conversion costs: Total costs $