P16-5A Polk Company manufactures basketballs. Materials are added at the beginning of Deiemth cts production process and conversion costs are incurred uniformly. Production and cost ui costs an data for the month of July 2017 are as follows. the (LO 3, 4), AP Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Units 500 1,000 600 Percentage 60% 40% Complete Cost Data-Basketballs Work in process, July 1 Materials $750 Direct materials Direct labor Manufacturing overhead Conversion costs600$1,350 2,400 1,580 1,240 Instructions (a) Calculate the following. (I) The equivalent units of production for materials and conversion (2) The unit costs of production for materials and conversion costs. (3) The assign ment of costs to units transferred out and in process at the end of the (3)Transferred (a) (2) Materials $ 2.10 accounting period. (b) Prepare a production cost report for the month of July for the basketballs. out $4,590 WIP