Polk Company manufactures basketballs Materials are added at

Polk Company manufactures basketballs. Materials are added at the beginning of the produ 2017 are as follows Percent Complete 60 % 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 Units 590 1,230 530 40 % Materials $790 Conversion costs Direct materials Direct labor Manufacturing overhead 570 $1,360 2,920 1,610 1,460 (a1) Your answer is correct. Calculate the equivalent units of production for materials and conversion costs Materials Conversion Costs Equivalent Units 1820 1502 SHOW SOLUTION SHOW ANSWER LINK TO TEXT

Solution

Physical units Materials Conversion costs Units to be accounted for: Work in Process July 1 590 Started into production 1230 Total units 1820 Units accounted for: Transferred out 1290 1290 1290 Work in Process July 31 530 530 212 Total units 1820 1820 1502 Costs Materials Conversion costs Total Unit costs Costs in July 3710 3640 7350 Equivalent units 1820 1502 Unit costs 2.038 2.423 4.461