Question: Do al the steps for Part A and the complete part B please Ill be sure to leave a good review : ) Polk Company

 Do al the steps for Part A and the complete partB please Ill be sure to leave a good review : )Polk Company manufactures basketballs. The first step is the production of internalrubber bladders. Materials are added at the beginning of the production process,and conversion costs are incurred uniformly. Production and cost data for theBladder Department for July 2022 are as follows. Calculate the equivalent unitsof production for materials and conversion costs. Calculate the unit costs ofproduction for materials and conversion costs. (Round unit costs to 2 decimalplaces, e.g. 2.25.) Calculate the assignment of costs to units completed andtransferred out and to work in process at the end of theaccounting period. Prepare a production cost report for the month of Julyfor the basketballs. (Round unit costs to 2 decimal places, e.g. 2.25and all other answers to 0 decimal places, e.g. 2,250.) Units accounted

Do al the steps for Part A and the complete part B please

Ill be sure to leave a good review : )

Polk Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows. Calculate the equivalent units of production for materials and conversion costs. Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Calculate the assignment of costs to units completed and transferred out and to work in process at the end of the accounting period. Prepare a production cost report for the month of July for the basketballs. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 2,250.) Units accounted for Completed and transferred Work in process, July 31 Total units CostsUnitcostsTotalcostsEquivalentMaterials CostsUnitcostsTotalcostsEquivalentunitsUnitcostsMaterials$ \begin{tabular}{l} Conversion \\ Costs \\ \hline \end{tabular} Cost Reconciliation Schedule Costs to be accounted for Work in process, July 1 Started into production Total costs Materials Costs Conversion Costs $ Cost Reconciliation Schedule Costs to be accounted for Work in process, July 1 Started into production Total costs Costs accounted for Completed and transferred Work in process, July 31 Materials Conversion costs Materials Costs Conversion Costs $ Cost Reconciliation Schedule Costs to be accounted for Work in process, July 1 Started into production Total costs Costs accounted for Completed and transferred Work in process, July 31 Materials Conversion costs Costs to be accounted for Work in process, July 1 Started into production Total costs Costs accounted for Completed and transferred Work in process, July 31 Materials Conversion costs Total costs

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!