Owen Company manufactures bicycles and tricycles. For both products, materials are added a t 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 Data-Bicycles Units work in process units. March 1 210 Units started into production 1390 work in process units, March31 310 Complete 80% 40% Cost Data-Bicycles Work in process units, March 1 $19,080 Direct materials Direct labor Manufacturing overhead29,570 50.040 Production Data-Tricycles Work in process units. March 1 Units started into production Work in process units. March31 Units 120 1,000 60 Complete 75% 25% Cost Work in process units, March 1 Direct materials Direct labor Manufacturing overhead $6,420 30,000 4,100 9,390 Prepare a production costreport for the month of March for the bicycles only OWEN COMPANY For the Month Ended March 31 Equivalent Units Physical Units Conversion Costs Quantities Materials s to be accounted for Work in process, March1 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 Conversion Costs Costs Materials Total Costs in March Equivalent units Unit costs to be accounted for Work in process, March1 Started into production Total costs Cost Reconciliation Schedule Transferred out Work in process, March 1 Conversioncosts to complete beginning inventory Started and completed Work in process, March 31 Materials Conversioncosts Total costs