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 FIFO method to compute equivalent units. Production and cost data for the month of March are as follows.

Production DataBicycles		Units		Percentage Complete
Work in process units, March 1		210		80	%
Units started into production		1,270
Work in process units, March 31		300		40	%

Cost DataBicycles
Work in process units, March 1		$ 19,290
Direct materials		50,400
Direct labor		26,300
Manufacturing overhead		29,700

Production DataTricycles		Units		Percentage Complete
Work in process units, March 1		120		75	%
Units started into production		990
Work in process units, March 31		60		25	%

Cost DataTricycles
Work in process units, March 1		$ 6,300
Direct materials		30,300
Direct labor		14,500
Manufacturing overhead		19,700

Calculate the equivalent units of production for materials and conversion costs for both the bicycles and the tricycles. (Round answers to 0 decimal places, e.g. 2,520.)

		Materials		Conversion Costs
Equivalent Units of bicycles
Equivalent Units of tricycles

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. 25.215.)

		Materials		Conversion Costs
Unit costs of bicycles
Unit costs of 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 answers to 0 decimal places, e.g. 2,520.) Bicycles

Costs accounted for:
Transferred out		$
Work in process, March 1
Materials	$
Conversion costs
Total costs		$

Tricycles

Costs accounted for:
Transferred out		$
Work in process, March 1
Materials	$
Conversion costs
Total costs		$

Prepare a production cost report for the month of March for the bicycles only. (Round unit costs to 3 decimal places, e.g. 25.123 and all other answers to 0 decimal places, e.g. 2,520.)

OWEN COMPANY Production Cost ReportBicycles For the Month Ended March 31
				Equivalent Units
Quantities		Physical Units		Materials		Conversion Costs
Units to be accounted for
Work in process, March 1
Started into production
Total units
Units accounted for
Completed and transferred out
Work in process, March 1
Started and completed
Work in process, March 31
Total units