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Problem 21-7A 31-a3, (Part Level Submission) Sheridan Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Sherid Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follow Percentage Production Data-Bicycles Complete Work in process units, March : 200 80 % Units started into production 1.440 Work in process units, March 31 300 40% Units Cost Data-Bicycles Work in process units, March 1 Direct materials Direct labor Manufacturing overhead $19,250 50,400 26,400 29,500 Units Production Data-Tricycles Work in process units, March 1 Units started into production Work in process units, March 31 Percentage Complete 75 100 1,010 60 25% Cost Data-Tricycles Work in process units, March 1 Direct materials Direct labor Manufacturing overhead $6,230 30,300 14,100 19,560 (1) 19,560 (1) x Your answer is incorrect. Try again. 2 Calculate the equivalent units of production for materials and conversion costs for both the bicycles and the tricycles. Materials Conversion Costs Equivalent Units of bicycles 200 300 Equivalent units of tricycles Click if you would like to show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attemptsi 1 of 15 used LAVERO The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you complete the above (b) The parts of this question must be completed in order. This part will be available when you complete the part above