Howorth Dental Products is a London-based producer of a patented anti-microbial dental floss. All raw materials are 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 FIFO process costing method. The following information is available for a recent period: Beginning work in process inventory: 140,000 meters at a cost of 46,200 for direct materials, 24,900 for direct labour, and 24,900 for factory overheads. The conversion process was 55 % complete. Units started into production: 260,000 metres; Units completed and transferred to finished goods: 380,000 metres; Ending work in inventory process: 20,000 metres, 30 % complete; Additional costs incurred during the period: direct materials – 85,400, direct labour – 98,200, factory overheads – 98,600.

Required:

Prepare a cost of production report for Howorth.