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Calculate the unit production for materials

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Reference no: EM13861036

Problem: 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.

Production Data-Basketballs

Unit

Percent Complete

Work in process units, July 1

460

60%

Units started into production

1,220

 

Work in process units, July 31

540

40%

Cost Data-Basketballs

Work in process, July 1

 

 

Materials

$800

 

Conversion Costs

550

$1,350

Direct materials

 

3,000

Direct labor

 

1,630

Manufacturing overhead

 

1,270

Calculate the unit production for materials and conversion costs

Reference no: EM13861036

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