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How would you calculate equivalent units of production for materials and conversion costs? Owen Company manufactures bicycles and tricycles. For both products, materials are added

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How would you calculate equivalent units of production for materials and conversion costs?

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Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Owen Company uses the FI F0 method to compute equivalent units. Production and cost data for the month of March are as follows. Percentage Production DataBicycles Units Complete Work in process units, March 1 200 80 96 Units started into production 1,330 Work in process units, March 31 290 40 % Cost DataBicycles Work in process units, March 1 $19,300 Direct materials 50,540 Direct labor 26.400 Manufacturing overhead 29,812 Percentage Production Data icycles % Complete Work in process units, March 1 100 75 % Units started into production 1,000 Work in process units, March 31 60 25 % Cost DataTrlcycles Work in process units, March 1 $6,360 Direct materials 30,000 Direct labor 14,300 Manufacturing overhead 20,000 (a1) 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 [ Equivalent Units of tricvcles ' eTextbook and Media eTextbook 1330 1000 Attempts: O of 5 used Save for Later

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