Current Attempt in Progress Coronado Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Coronado Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows. Production Data-Bicycles Percentage Complete Units Work in process units, March 1 210 80 % Units started into production 1,370 Work in process units, March 31 290 40 % Cost Data-Bicycles Work in process units, March 1 $19,180 Direct materials 49,320 Direct labor 26,000 Manufacturing overhead 29,710 Percentage Complete Production Data-Tricycles Units Work in process units, March 1 160 75 % Units started into production 1,010 Work in process units, March 31 60 25 % Cost Data-Tricycles Work in process units, March 1 $6,030 Direct materials 30,300 14,200 Direct labor 19,970 Manufacturing overhead (1) 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 49320 55710 1370 1238 Equivalent Units of tricycles e Textbook and Media Solution Attempts: 20 Calculate the unit costs of production for materials and conversion costs for both the bicycles and the tricycles. Materials Conversion Costs Unit costs of bicycles Unit costs of tricycles e Textbook and Media Attempts: 0 of 2 usec Save for Later