Morse Company manufactures basketball, 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 2014 are as follows: Morse Company manufactures basketball balls. Materials are added early in the production process, and conversion costs are incurred evenly. The production and cost data for the month of July 2019 are as follows:

Production Data - Basketball Units Percent Complete Work in Process Units, July 1 500 100% Materials, 60% Conversion Units Started into Production 1,250 Work in process units, July 31 600 100% Materials, 40% Conversion

Data Cost - Basketballs

Work in Process, July 1 Materials $ 750 Conversion 600 $ 1,350 Direct materials 2,400 Direct Labor 1,580 Manufacturing overhead 1,295

Instructions:

(a) Calculate the following:

1. The equivalent production unit for materials and conversion costs. 2. The unit cost of production of materials and conversion costs. 3. The allocation of costs to the units transferred and in process at the end of the accounting period.

(b) Prepare a production cost report for the month of July for basketballs

(a) Calculate the following: 1. The equivalent unit of production for materials and conversion costs. 2. The unit cost of production for materials and conversion costs. 3. The assignment of costs to units transferred out and in process at thye end of accounting period.

(b) Prepare a production cost report for the month of July for the basketballs.