Pacocha Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Pacocha 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 Units 200 1,000 200 Work in process units, March 1 Units started into production Work in process units, March 31 40% Percent Complete Cost Data-Bicycles Work in process, March 1 Direct materials Direct labor Manufacturing overhead Units $19,280 50,000 25,200 30,000 Percent Complete 75% Production Data-Tricycles Work in process units, March 1 Units started into production Wor Units 100 800 60 k in process units, March 31 25% Cost Data-Tricycles Work in process, March 1 Direct materials Direct labor Manufacturing 6,125 38,400 15,100 20,000 overhead