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Percent Complete 60% Units 500 1,250 600 40 % 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 Materials Conversion costs Direct materials Direct labor Manufacturing overhead 5750 600 $1,350 2,400 1.580 1,295 (1) The equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units 1750 1390 (2) The unit costs of production for materials and conversion costs. (Round unit costs to 3 decimal places, e.g. 2.257.) Materials Cost per unit Conversion Costs 2.50 1.80 (3) The assignment of costs to units transferred out and in process at the end of the accounting period. (Round answers to O decimal places, e.g. 2,250.) Costs accounted for: Transferred out 4945 Work in process, July 31 Materials 1080 Conversion costs 11 500 1680 Total costs 6625 Units to be accounted for Work in process, July 1 500 Started into production 1,250 1,750 Total units Units accounted for Transferred out Work in process, July 31 1150 240 1390 Total units Materials Conversion Costs Costs Unit costs Total Costs in July 3.150.00 3,475.00 6,625.00 Equivalent units 1750 1390 2.50 Unit costs 1.80 4.30 Costs to be accounted for Work in process, July 1 Started into production Total costs 6,625.00 Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials 1 4 ,945.00 1,080.00 Conversion costs 600.00 1,680.00 Total costs 5,625.00

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