Problem 16-05A al-a3, b (Video) (Part Level Submission) Coronado 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 Complete Production Data-Basketballs Units 560 60 % 1,430 Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs 500 40 % Work in process, July 1 Materials $700 Conversion costs 550 Direct materials $1,250 2,882 1,072 1,420 Direct labor Manufacturing overhead (b) 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.) CORONADO COMPANY Basketball Department Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Physical Conversion Units Materials Costs Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units Materials Conversion Costs Total Costs Unit costs Total costs Equivalent units - Unit costs Costs to be accounted for Work in process, July 1 $ Started into production Total costs $ Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR