Problem:

Problem Work Sheet:

Week%203%20Homework%20A Home Insert Page Layout FormulasData Review View Myriad Web Pro" 12 A A Wrap Text Gene Paste Merge & Center A B Problem 4 Mackey Dental Products is a New York-based producer of a patented anti-microbial dental floss. All raw material is introduced at the beginning of the production process, but considerable processing time is needed to create the anti-microbial qualities of the specially designed floss. Howorth measures output in meters of floss and applies the weighted-average process costing method. The following information is available for a recent period: Beginning work in process inventory: 140,000 meters at a cost of S46,200 for direct materials, S24,900 for direct labor, and S24,900 for factory overhead. The conversion process was 55% complete. Units started into production: 260,000 meters Units completed and transferred to finished goods: Ending work in process inventory: Additional costs incurred during the period: 380,000 meters 10 20,000 meters, 30% complete Direct materials, $85,400 Direct labor, $98,200 Factory overhead, $98,600 12 14 Prepare a cost of production report for Mackey 15 16 17 18 19