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— in process units, july 1 530 60 %units started into production 1,320 work in process units, july 31 560 40 %cost data—basketballswork in process, july 1 materials $720 conversion costs 640$1,360 direct materials 2,500 direct labor 1,200 manufacturing overhead 1,230(a) calculate the following(1) the equivalent units of production for materials and conversion costs.(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 accounting period.(b)prepare a production cost report for the month of july for the basketballs.