please help FIFO method

*P16-7B Holiday Company manufactures basketballs and soccer balls. For both products and unit costs and assigne Determine equivalent tornis materials are added at the beginning of the production process and conversion costs are incurred uniformly. Holiday uses the FIFO method to compute equivalent units. Produc- production cost report, costs for processes prepare tion and cost data for the month of August are shown below. (LO 5), AP Percent Percent Production Data--Basketballs Units Complete Production Data-Soccer Balls Units Complete Work in process units, August 1 500 6096 Work in process units, August 1 200 80% Units started into production 2.000 Units started into production 2.000 Work in process units, August 31 600 5096 Work in process units, August 31 150 70% Cost Data-Basketballs Cost DataSoccer Balls Work in process, August $1,125 Work in process, August $ 450 Direct materials 1.600 Direct materials 2.800 Direct labor 1,280 Direct labor 1.000 Manufacturing overhead 1.000 Manufacturing overhead 1,394 4 16 Process Costing (a) Basketballs (1) Materials (2) Materials (3) Transferred out WIP 2,000 5.80 $4,165 5840 Instructions (a) Calculate the following for both the basketballs and the soccer balls. (1) The equivalent units of production for materials and conversion costs. (2) The unit costs of production for materials and conversion costs. (3) The assignment of costs to units transferred out and in process at the end of the accounting period (b) Prepare a production cost report for the month of August for the basketballs only