Fong Company manufactures basketballs. Materials are added at the beginning of the

Question 1

Fong 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 2012 are as follows.

	Production Data-Basketballs		Units		Percent Complete
	Work in process units, July 1		610		60%
	Units started into production		1,490
	Work in process units, July 31		690		30%
	Cost Data - Basketballs
	Work in process, July 1
	Materials	$735
	Conversion costs	433	$1,168
	Direct materials		4,095
	Direct labor		1,607
	Manufacturing overhead		2,811

Calculate the following. (Round cost per unit to 2 decimal places, e.g. 10.50.  Round other answers to 0 decimal places, e.g. 125.)

1. The equivalent units of production for materials and conversion.

2.      The unit costs of production for materials and conversion costs.

3.      The assignment of costs to units transferred out and in process at the end of the period.

4.       

5.      Complete the production cost report for the month of July for the basketballs.

 

CLICK HERE TO GET THE ANSWER !!!!