Polk Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows. Production Data-Basketballs Units Percent Complete Work in process units, July 1 500 60 % Units started into production 1,000 Work in process units, July 31 600 40 % Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Costs added during July $750 600 $1,350 Direct materials 2,400 Direct labor 1,580 Manufacturing overhead 1,240 Calculate the equivalent units of production for materials and conversion costs. Materials Equivalent Units Conversion Costs Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Cost per unit Materials Conversion Costs Calculate the assignment of costs to units completed and transferred out and to work in process at the end of the accounting period. Costs accounted for: Completed and transferred out Work in process, July 31 Materials Conversion costs Total costs +A +A Prepare a production cost report for the month of July for the basketballs. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to O decimal places, e.g. 2,250.) Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Completed and transferred Work in process, July 31 Total units Costs Unit costs Total costs Equivalent units Unit costs Cost Reconciliation Schedule Costs to be accounted for Work in process, July 1 Started into production Total costs Costs accounted for Completed and transferred Work in process, July 31 Materials Conversion costs Total costs Physical POLK COMPANY Bladder Department Production Cost Report Units Materials $ Materials Equivalent Units $ Conversion Costs Conversion Costs $ $ $ $ $ $ $ $