Polk Company manufactures basketballs. Materials are added at the beginning of the production process and...
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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 2020 are as follows. Calculate the equivalent units of production for materials and conversion costs. eTextbook and Media * Your answer is incorrect. Calculate the unit costs of production for materials and conversion costs, (Round unit costs to 2 decimal places, eg. 2.25.) Calculate the assignment of costs to units transferred out and in process at the end of the accounting period. Costs accounted for: Transferred out Work in process, July 31 Materials Conversion costs Total costs
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