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.
Percent Production Data—Bicycles Units Complete Work in process units, March 1 200 80%
Units started into production 1,250 Work in process units, March 31 300 40%
Percent Cost Data—Bicycles Units Complete Work in process, March 1 $19,280 Direct materials 50,000 Direct labor 25,500 Manufacturing overhead 30,000.

Production Data—Tricycles Units Complete Work in process units, March 1 100 75%
Units started into production 800 Work in process units, March 31 60 25%
Cost Data—Tricycles Work in process, March 1 $ 6,125 Direct materials 30,400 Direct labor 15,100 Manufacturing overhead 20,000 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 bicycles only.