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Will Thumbs Up First Right Answer Problem 17-5A (Part Level Submission) Polk Company manufactures basketballs. Materials are added at the beginning of the production process

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Problem 17-5A (Part Level Submission) Polk 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 2017 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 1 420 1,250 550 40% Materials $740 Conversion costs Direct materials Direct labor Manufacturing overhead 620 $1,360 2,770 1,620 1,410

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