*P21.7 (LO 5), AP 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 Assembly Department for March are as follows. Percentage Complete as to Conversion Costs Determine equivalent units and unit costs and assign costs for processes; prepare production cost report. Production Data-Bicycles Work in process units, March 11 Units started into production Work in process units, March 31 Cost Data-Bicycles Units 200 80% 1,000 300 40% Work in process, March 1 $19,280 Costs added during March Direct materials 50,000 Direct labor 25,900 Manufacturing overhead 30,000 Percentage Complete as to Production Data-Tricycles Units Conversion Costs. Work in process units, March 1 Units started into production Work in process units, March 31 Cost Data-Tricycles 100 75% 1,000 60 25% I Work in process, March 1 $ 6,125 Costs added during March Direct materials 30,000 Direct labor 14,300 Manufacturing overhead 20,000