Problem 16-OSA Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly Production and cont data for the month of July 2020 are as follows Units Percent Complete 60 590 1.230 500 Production Data--Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cast DataBasketballs Work in process, July 1 Materials Conversion costs Direct materiais Direct labor Manufacturing overhead 5790 570 $1,360 2,850 1,010 Calculate the equivalent units of production for materials and conversion costs Materials Conversion Costs Equivalent Units 1502 Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, m. 2.25.) Materials Conversion Costs Cost per unit 2.030 ly Calculate the signment of costs to units transferred out and in process at the end of the accounting period, Costs accounted for Transformed out 5755 Work in process, July 31 Materials 1030 Convention costs 514 1594 Total costs 7394 CALCULATOR PRINTER VERSION BACK NEXT Prepare a production cost report for the month of July for the basketballs. (Round unit costs to 2 decimal places,... 2.25 and all other answers to o decimal places, e.g. 2,250.) POLK COMPANY Basketball Department Production Cost Report For the Month Ended July 31, 2020 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 Transferred out Work in process, July 31 Total units Conurinn CALCULATOR PRINTER VERSION CES Conversion Costs Costs Materials Total Unit costs Total costs Equivalent units dy 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 CALCULATOR PRINTER VERSION HA 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 Click if you would like to Show Work for this question: Open Show Work