For the Month Ended March 31 Physical Conversion III Bicycles Costs accounted for: Transferred out GA 108438 Work in process, March 31 Materials 11600 Conversion costs 5916 17516 Total costs $ 125954 Tricycles Costs accounted for: Transferred out A 68580 Work in process, March 31 Materials $ 1800 Conversion costs 510 2310 Total costs $ 70890 Materials Conversion Costs Unit costs of bicycles 40 51 Unit costs of tricycles 30 34 Materials Conversion Costs Equivalent Units of bicycles 1250 1114 Equivalent Units of tricycles 1010 1005 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. Production Data-Bicycles Percentage Complete Units Work in process units, March 1 190 80 % Units started into production 1.250 Work in process units, March 31 290 40 % Cost Data-Bicycles Work in process units, March 1 $19,140 Direct materials 50,000 Direct labor 26,400 Manufacturing overhead 30,414 Production Data-Tricycles Percentage Complete 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 $6,420 Direct materials 30,300 Direct labor 14,200 Manufacturing overhead 19,970 (a1) Calculate the equivalent units of production for materials and conversion costs for both the bicycles and the tricycles