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 Units Percent Complete 530 60% 1,230 600 40 % 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 Manufacturing overhead $720 650 $1.370 2448 660 1.210 Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units e Textbook and Media Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, eg. 2.25.) Materials Conversion Costs Cost per unit $ e Textbook and Media 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 e Textbook and Media Basketball Department Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Physical Units Conversion Costs Materials Quantities 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 Question 3 of 3 -/1 Costs Materials Conversion Costs Tot 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 Cost Reconciliation Schedule Costs accounted for Transferred out $ Work in process, July 31 Materials Conversion costs Total costs $ e Textbook and Media