P21-5B Forte Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the month of May are as follows. Production Data-Bicycles Work in process units, May 1 Units started in production Work in process units, May 31 Cost Data-Bicycles Work in process, May 1 Materials Conversion costs Direct materials Direct labor Manufacturing overhead Units 500 1,500 800 $15,000 18,000 Percent Complete 80% 25% $33,000 50,000 18,320 33,680 Instructions (a) Calculate the following. (1) The equivalent units of production for materials and conversion. (2) The unit costs of production for materials and conversion costs. (3) The assignment of costs to units transferred out and in process at the end of the account- ing period. (b) Prepare a production cost report for the month of May for the bicycles.

P21-5B Forte Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the month of May are as follows. Instructions (a) Calculate the following. (1) The equivalent units of production for materials and conversion. (2) The unit costs of production for materials and conversion costs. (3) The assignment of costs to units transferred out and in process at the end of the accounting period. (b) Prepare a production cost report for the month of May for the bicycles