Polk 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 2020 are as follows.

Production DataBasketballs				Units		Percent Complete
Work in process units, July 1				470		60	%
Units started into production				1,140
Work in process units, July 31				600		40	%
Cost DataBasketballs
Work in process, July 1
Materials		$ 730
Conversion costs		560		$ 1,290
Direct materials				2,168
Direct labor				400
Manufacturing overhead				1,290

(a1)

Calculate the equivalent units of production for materials and conversion costs.

		Materials		Conversion Costs
Equivalent Units		1610		1250

Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 3 decimal places, e.g. 2.257.) Materials Conversion Costs Cost per unit s LINK TO TEXT LINK TO TEXT Calculate the assignment of costs to units transferred out and in process at the end of the accounting period. (Round answers to O decimal places, e.g. 2,250.) Costs accounted for: Transferred out Work in process, July 31 Materials Conversion costs Total costs Prepare a production cost report for the month of July for the basketballs. (Round unit costs to 3 decimal places, e.g. 2.257 and all other answers to O decimal places, e.g. 2,250.) POLK COMPANY Production Cost Report For the Month Ended July 31, 2017 Equivalent Units Physical Units Conversion Costs Quantities Materials Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units