Rondeli Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Rondeli Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows.

Instructions
(a) Calculate the following for both the bicycles and the tricycles.
(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 March for the bicyclesonly.

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Percent Complete 80% Production Data-Bicycles Work in process units, March 1 Units started into production Work in process units, March 31 Units 200 1,250 300 40% Percent Cost Data-Bi Units $19,280 50,000 25,500 30,000 Complete Work in process, March 1 Direct materials Direct labor Percent Complete 75% Production Data-Tricycles Work in process units, March 1 Work in process units, March 31 Cost Data-Tricycles Units 100 800 60 Units started into production 25% Work in process, March 1 Direct materials Direct labor Manufactring overhead 6,125 30,400 15,100 20,000