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

Sheridan 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 date for the Bladder Department for July 2022 are as follows. Percent Production Data-Basketballs Units Complete Work in process units, July 1 580 60 % Units started into production 1,100 Work in process units, July 31 600 9% Cost Data-Basketballs Work in process. July 1 Materials $790 Conversion costs 600 $1,390 Costs added during July Direct materials 2,402 Direct labor 718 Manufacturing overhead 1,190 (a1) V Your answer is correct. Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units 1,680 1,320Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion Costs Cost per unit $ 1.90 45 1.90 eTextbook and Media Attempts: 2 of 5 used (a3) V Your answer is correct. 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 4104 Work in process, July 31 Materials 1140 Conversion costs 456 1596 Total costs 5700Production Cost Report Equivalent Units Physical Conversion Quantities Units Materials Costs 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 Conversion Costs Costs Materials 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