Please prepare production cost report for the month of March for the bicycles only.

*P3-7A 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. Produc- tion and cost data for the month of March are as follows. Percentage Production Data-Bicycles Units Complete Work in process units, March 1 200 80% Units started into production 1,000 Work in process units, March 31 300 40% Cost Data-Bicycles Work in process, March 1 $19,280 Direct materials 50,000 Direct labor 25,900 Manufacturing overhead 30,000Production Data-Tricycles Percentage Units Complete Work in process units, March 1 100 75% Units started into production 1,000 Work in process units, March 31 60 25% Cost Data-Tricycles Work in process, March 1 $ 6,125 Direct materials 30,000 Direct labor 14,300 Manufacturing overhead 20,000