Oriole Company manufactures bicycles and tricycles.For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Oriole 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 B0 % Units started into production 1,440 Work in process units, March 31 310 40 % Cost Data-Bicycles Work in process units, March 1 $19.400 Direct materials 50.400 Direct labor 26,500 Manufacturing overhead 29.228 Production Data-Tricycles Percentage Complete Units Work in process units, March 1 160 75 % 1,010 Units started into production Work in process units, March 31 60 25 % Cost Data-Tricycles Work in process units, March 1 $6,070 Direct materials 30,300 Direct labor 14,000 Manufacturing overhead 20,170 (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 Equivalent Units of tricycles e Textbook and Media Calculate the unit costs of production for materials and conversion costs for both the bicycles and the tricycles. (Round unit costs to 3 decimal places, e.g. 25.21 Materials Conversion Costs Unit costs of bicycles 39.685 49.470 Unit costs of tricycles 30.606 34.030 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. (Round answer o decimal places, e.g. 2,520.) Bicycles Costs accounted for: Transferred out 17,842 Work in process, March 1 Materials 38,494 X Conversion costs 50,064 19,290 Total costs 1,07,848 Tricycles 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. (Round answer o decimal places, e.g. 2,520.) Bicycles Costs accounted for: Transferred out 17,842 Work in process, March 1 Materials 38,494 X Conversion costs 50,064 19,290 Total costs 1,07,848 Tricycles Costs accounted for: X Transferred out 2,363 Work in process, March 1 Materials 28,464 Conversion costs 33,674 6,300 Total costs 68,437