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please help on a and b, thanks P16-5A Determine equivalent units and unit costs and assign costs LO 5,6,7), AP Morse Company manufactures basketballs. Materials
please help on a and b, thanks
P16-5A Determine equivalent units and unit costs and assign costs LO 5,6,7), AP Morse 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 2014 are as follows. Percent Complete 600% 40% Production Data-Basketballs Units Work in process units, July 1 Units started into production Work in process units, July 31 500 1,250 600 Cost Data-Basketballs Work in process, July 1 Materials $750 Conversion costs Direct materials Direct labor Manufacturing overhead 600$1,350 2,400 1,580 1,295 Instructions (a) Calculate the following 1. The equivalent units of production for materials and conversion costs. 2. The unit costs of production for materials and conversion costs. $1.80 (3) Transferred out $4945 $1,680 (2) Materials WIP 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 July for the basketballsStep by Step Solution
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