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Polk Company manufactures baskatballs. Materials are added at the besinning of the production process and conversion costs are incurred uniformly. Production and cost data for
Polk Company manufactures baskatballs. Materials are added at the besinning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follove. Calculate the equivalent units of production for materials and corwersion costs. Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Calculate the assignment of costs to units transferred out and in process at the end of the accounting period. Prepare a production cost repart far the manth of July for the baskatbalis. (Round unit costs to 2 decimal ploces, eg. 225 and all other answers to 0 decimal places. e.s. 2.250 .1 POLK COMPANY Basketbell Department Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Physical
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