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 Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Units Complete 420 60% 1,250 600 40% Materials $740 Conversion costs Direct materials Direct labor Manufacturing overhead 620 $1,360 2,767 721 1,410 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 1260 Conversion costs Total costs