Polk Company manufactures basketballs. Materials are added at the beginning of the p as follows. n process and conversion costs are incurred uniformly. Production and cost data for the month of July 2017 are Percent Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketball Work in process, July 1 Units Complete 500 1,000 600 60 % 40% Materials $750 Conversion costs Direct materials Direct labor Manufacturing overhead 600 $1,350 2,400 1,580 1,240 Calculate the equi ivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 3 decimal places, e.g. 2.257.) Materials Conversion Costs Cost per unit Calculate the assignment of costs to units transferred out and in process at the end of the accounting period. (Round answers to 0 decimal places, e.g. 2,250.) Costs accounted for: Transferred out Work in process, July 31 Materials Conversion costs Total costs Prepare a production cost report for the month of July for the basketballs. (Round unit costs to 3 decimal places, e.g. 2.257 and all other answers to 0 decimal places, e.g. 2,250.) POLK COMPANY Production Cost Report For the Month Ended July 31, 2017 Equivalent Units Physical Units Quantities eMaterials Costs Units to be accounted for Work in process, July 1 Started into production Total units nits accounted for Work in process, July 31 Total units