Sheffield Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Sheffield Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows. Percentage Complete B0 % Production Data-Bicycles Work in process units, March 1 Units started into production Work in process units, March 31 Units 210 1.270 310 40 % Cost Data-Bicycles Work in process units, March 1 $19,310 Direct materials 49,530 Direct labor 26,300 Manufacturing overhead 30,000 Units Percentage Complete 75 % 120 Production Data-Tricycles Work in process units, March 1 Units started into production Work in process units, March 31 1.010 60 25% Cost Data-Tricycles Work in process units, March 1 Direct materials $6,500 30,300 Direct labor 14,400 Manufacturing overhead 19.430 Prepare a prodution cost report for the month of March for the bicycles only. SHEFFIELD COMPANY Production Cost Report-bicydes For the Month Ended March 31 Equivalent Units Physical Units Quantities Materials Corsi Costs Units to be counted for Work in process March Started into production Total units Units accounted for Completed and transferred out Work in process March 1 LE Started and completed Workingrooms March 31 Total units Costs Materiale Como Costs Unico Conts in March $ Equivalent units Us Works March production Talaco Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, March 1 $ Conversion costs to complete beginning inventory Started and completed Work in process March 31 $ Materials Conversion costs Total costs $