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.

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 1 580 60% Units started into production 1,100 Work in process units, July 31 600 40 % Cost Data-Basketballs Work in process, July 1 Materials $790 Conversion costs 600 $1,390 Direct materials 2,402 Direct labor 718 Manufacturing overhead 1,190 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 Conversion Costs Costs Materials Total Unit costs Total costs $ 3192 $ 2508 $ 5700 Equivalent units 1680 1320 Unit costs $ 1.90 $ 1.90 $ 3.80 Costs to be accounted for Work in process, July 1 $ 1390 Started into production Total costs $ Cost Reconciliation Schedule Costs accounted for Transferred out $ Work in process, July 31 Materials $ Conversion costs Total costs $