Problem 16-5A Morse 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 2014 are as follows Percent Complete 60 % Units Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 580 1,370 580 40 % Materials $750 Conversion costs Direct materials Direct labor Manufacturing overhead 590 $1,340 2,768 1,774 1,039 Calculate the following (1) The equivalent units of production for materials and conversion costs Materials Conversion Costs Equivalent Units (2) 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