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 Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct labor Units 500 Percent Complete 50% 1,000 600 40 % $750 600 $1,350 2,400 1,580 1,240 Manufacturing overhead Your answer is partially correct. Try again. Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units 1500 1260 Your answer is partially correct. Try again. Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion Costs Cost per unit 2.1] 2.71 Your answer is incorrect. Try again. 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