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				460		60	%
Units started into production				1,330
Work in process units, July 31				500		40	%
Cost DataBasketballs
Work in process, July 1
Materials		$750
Conversion costs		650		$1,400
Direct materials				2,114
Direct labor				454
Manufacturing overhead				1,280

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

		Materials		Conversion Costs
Equivalent Units

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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		$		$

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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		$