Whats he formaula for #4 FG &WIP

P16-7B Determine equivalent units and unit costs and assign costs for processes: prepare (LO 8), AP production cost report. Holiday Company manufactures basketballs and soccer balls. For both products, materials are added at the beginning of the production process the FIFO method compute to compute equivalent units Production and cost data for the month of A and conversion co ar shown below Production Data- BasketballsVnlts Percent Po work in process units, August l Units started into production Complete Production Data Soccer Bale 500 200 work in process units, August 1 Units 60% Work inprocess units. August 31 C 600 x 50%) I work in process un August 3 2,000 Cost Data-Basketballs Work in process, August 1 Direct materials Direct labor Manufacturing overhead Cost Data Soccer Work in process, August Direct materials Direct labor $1,125 S 450 1.600 1,280 s 1,000 1,394 Instructions (a) Calculate the following for both the basketballs and the soccer balls. 1. The equivalent units of production for materials and conversion costs 2. The unit costs of production for materials and conversion costs. 3. The assignment of costs to units transferred out and in process at the end of the accounting period Basketballs: (1) Materials 2000 (2) Materials $.80 (3) Transferred out $4,165 WIP (b) Prepare a production cost report for the month of August for the basketballs only