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 2017 are as follows.

Production DataBasketballs Units Percent Complete Work in process units, July 1 460 60 % Units started into production 1,220 Work in process units, July 31 540 40 % Cost DataBasketballs Work in process, July 1 Materials $800 Conversion costs 550 $1,350 Direct materials 3,000 Direct labor 1,630 Manufacturing overhead 1,270

COULD I PLEASE GET SOME HELP WITH:

(1) The equivalent units of production for materials and conversion costs.

(2)The unit costs of production for materials and conversion costs.

(3)The assignment of costs to units transferred out and in process at the end of the accounting period.

(b)Prepare a production cost report for the month of July for the basketballs.