*Problem 16-7A (Part Level Submission) 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 month of March are as follows. Percentage Production Data-Bicycles Units Complete 80% Work in process units, March 1 210 Units started into production 1,270 300 Work in process units, March 31 40% Cost Data-Bicycles Work in process units, March 1 $19,290 50,400 Direct materials Direct labor 26,300 29,700 Manufacturing overhead Percentage Production Data-Tricycles Units Complete 120 Work in process units, March 1 75% 990 Units started into production Work in process units, March 31 60 25 Cost Data-Tricycles Work in process units, March 1 $6,300 30,300 Direct materials Direct labor 14,500 19,700 Manufacturing overhead