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

Calculate the assignment of costs to units transferred out and in process at the end of the accounting period for both the bicycles and the tricycles.

Crane Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Crane Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows. Percentage Complete 80 % Production Data-Bicycles Work in process units, March 1 Units started into production Work in process units, March 31 Units 190 1,380 300 40 % Cost Data-Bicycles Work in process units, March 1 Direct materials Direct labor Manufacturing overhead $19,070 49,680 25,900 29,810 Percentage Complete 75 % Production Data-Tricycles Work in process units, March 1 Units started into production Work in process units, March 31 Units 140 990 60 25 % Cost Data-Tricycles Work in process units, March 1 Direct materials Direct labor Manufacturing overhead $6,460 30,690 14,300 20,000 Calculate the assignment of costs to units transferred out and in process at the end of the accounting period for both the bicycles and the tricycles. Bicycles $ $ Costs accounted for: Transferred out Work in process, March 31 Materials $ Conversion costs Total costs LA Tricycles $ $ Costs accounted for: Transferred out Work in process, March 31 Materials Conversion costs Total costs $