part b : Calculate the unit costs of production for materials and conversion costs for both the bicycles and the tricycles.

part c: 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.

part d: Prepare a production cost report for the month of March for the bicycles only.

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 Assembly Department for March are as follows. Production Data-Bicycles Units Percentage Complete as to Conversion Costs 200 80 % Work in process units, March 1 Units started into production Work in process units, March 31 1,260 300 40 % $19,010 Cost Data-Bicycles Work in process units, March 1 Costs added during March Direct materials Direct labor 50,400 26,300 Manufacturing overhead 29,700 Production Data-Tricycles Units Percentage Complete as to Conversion Costs 140 75 % Work in process units, March 1 Units started into production Work in process units, March 31 990 60 25 % $6,350 Cost Data-Tricycles Work in process units, March 1 Costs added during March Direct materials Direct labor 30,690 14,100 Manufacturing overhead 20,200 (a1) Your answer is correct. 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 1260 1120 Equivalent Units of tricycles 990 980 e Textbook and Media Attempts: 3 of 5 used (a2) Your answer is partially correct. Calculate the unit costs of production for materials and conversion costs for both the bicycles and the tricycles. Materials Conversion Costs Unit costs of bicycles 40 Unit costs of tricycles 31 e Textbook and Media Attempts: 1 of 5 used Submit Answer Save for Later Last saved 8 minutes ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. (a3) The parts of this question must be completed in order. This part will be available when you complete the part above