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 Data-Basketballs Units Percent Complete Work in process units, July 1 510 60 % Units started into production 1,440 Work in process units, July 31 600 40 % Cost Data-Basketballs Work in process, July 1 Materials $780 Conversion costs 580 $1,360 Direct materials 2,340 Direct labor 724 Manufacturing overhead 1,240 X Your answer is incorrect. Calculate the equivalent units of production for materials and conversion costs. Equivalent Units eTextbook and Media Materials 1500 Conversion Costs 1140. X Your answer is incorrect. Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, e.. 2.25.) Materials Cost per unit $ 2.1 Conversion Costs 3 x Your answer is incorrect. Calculate the assignment of costs to units transferred out and in process at the end of the accounting period. Costs accounted for: Transferred out Work in process, July 31 Materials Conversion costs 1080 5755 514 1594 Total costs eTextbook and Media 7349 Prepare a production cost report for the month of July for the basketballs. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 2,250.) Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Physical Units POLK COMPANY Basketball Department Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Materials Conversion. Costs Total units Costs Unit costs Total costs Equivalent units Unit costs Costs to be accounted for Work in process, July 1 Started into production Total costs Cost Reconciliation Materials Conversion Costs $ C $ C