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*Problem 16-7A Rondeli Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs a
*Problem 16-7A Rondeli Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs a uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows Percent Complete 80 % Production Data-Bicycles Units Work in process units, March 1 Units started into production Work in process units, March 31 200 1,250 300 40 % Percent Complete Cost Data-Bicycles Units Work in process units, March 1 Direct materials Direct labor Manufacturing overhead $19,280 50,000 25,500 30,000 Percent Complete 75% Production Data-Tricycles Units Work in process units, March 1 Units started into production Work in process units, March 31 100 800 60 25 % Percent Complete Units $6,125 30,400 15,100 20,000 Cost Data-Tricycles Work in process units, March 1 Direct materials Direct labor Manufacturing overhead
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