Problem 21-5A a1-a3, b Lily 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. Production DataBasketballs Units Percent Complete Work in process units, July 1 490 60 % Units started into production 1,420 Work in process units, July 31 500 40 % Cost DataBasketballs Work in process, July 1 Materials $800 Conversion costs 600 $1,400 Direct materials 2,638 Direct labor 1,188 Manufacturing overhead 1,110 Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units Calculate 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 $ $ Calculate the assignment of costs to units transferred out and in process at the end of the accounting period.