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.

Determine equivalent units and unit costs and assign costs.

Production DataBasketballs

Units

Percentage

Complete

Work in process units, July 1

500

60%

Units started into production

1,000

Work in process units, July 31

600

40%

Cost DataBasketballs

Work in process, July 1

Materials

$750

Conversion costs

600

$1,350

Direct materials

2,400

Direct labor

1,580

Manufacturing overhead

1,240

Instructions

a. Calculate the following.

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.

2. Materials $2.10

3. Transferred out $4,590

WIP $1,980

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

please help me with part b .

thank you