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. Percent Production Data-Basketballs Units Complete Work in process units, July 1 460 60 % Units started into production 1,220 Work in process units, July 31 500 40 % Cost Data-Basketballs Work in process, July 1 Materials $800 Conversion costs 550 $1,350 Direct materials 3,064 Direct labor 1,354 Manufacturing overhead 1,270 Calculate the equivalent units of production for materials and conversion costs. Materials Equivalent Units Conversion Costs Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Cost per unit eTextbook and Media Materials Conversion Costs 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 Total costs $ 2250) Physical Q Us W July 1 Marted Us Tand 21 My C Eq Unit Cast to be C procmsJudy 31 d M Conversion POLK COMPANY Basketball Department Production Cost Report For the Honth Ended July 31, 2020 Materials Conversion Cats Co Costs 225