Concord Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Concord Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows. Cost Data-Tricycles Work in process units, March 1$6,290 Direct materials Direct labor Manufacturing overhead 30,69014,50019,800 Tricycles Costs accounted for: Transferred out Work in process, March 31 Materials Conversion costs Total costs Calculate the unit costs of production for materials and conversion costs for both the bicycles and the tricycles