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 Complete 60% Units 500 1,000 600 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 $750 600 $1,350 2.400 1.580 1.248 Calculate the equivalent units of production for materials and conversion costs Materials Conversion Costs Equivalent Units 1500 1140 e Textbook and Media Your Answer Correct Answer 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 units