1 eBook Calculator Print Item Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process. Work in process, January 1, 14,000 units, 75% completed $171,850" "Direct materials (14,000 x $9.8) $137,200 Conversion (14,000 x 75% * $3.3) 34,650 $171,850 Materials added during January from Weaving Department, 215,600 units $2,123,660 Direct labor for January 304,834 Factory overhead for January 372,574 Goods finished during January (includes goods in process, January 1), 218,200 units Work in process, January 31, 11,400 units, 35% completed For the cost per equivalent unit computations, a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in " round your answers to two decimal places Karachi Carpet Company Cost of Production Report Cutting Department For the Month Ended January 31 Unit Information 14.000 Units charged to production: Inventory in process, January 1 Received from Weaving Department 215,6007 Activate Windows Next Check My Work 2 more Check My Work uses remaining round your answers to two decimal places. Karachi Carpet Company Cost of Production Report Cutting Department For the Month Ended January 31 Unit Information Units charged to production: Inventory in process, January 1 14,000 215,600 Received from Weaving Department 229,600 Total units accounted for by the Cutting Department Units to be assigned costs: Equivalent Units Direct Materials Whole Units Conversion 3,500 14.000 Inventory in process, January 1 204,200 204,200 204,200 Started and completed in January 218,200+ 204,200 207.700 Transferred to finished goods in January 11.400 11.400 3,990 Inventory in process, January 31 229,600 215,600 211,690 Total units to be assigned cost Cost Information Cost per equivalent unit: Direct Materials Conversion 2,123,660 $ 677.408 Total costs for January in Cutting Department 215,600 211.690 Total equivalent units Activate v Cost Information Cost per equivalent unit: Direct Materials $ 2.123.660 677.408 Total costs for January in Cutting Department CETA... Total equivalent units Cost per equivalent unit Costs assigned to production: Direct Materials Conversion Inventory in process, January 1 Costs incurred in January 2.801.068 2.972,918 Total costs accounted for by the Cutting Department Costs allocated to completed and partially completed units: Inventory in process, January 1 balance 171.850 To complete inventory in process, January 1 Cost of completed January 1 work in process Started and completed in January Transferred to finished goods in January mi Inventory in process, January 31 Total costs assigned by the Cutting Department Check My Work 2 more Check My Work uses remaining Feedback Check My Work a How much more (percentage amount) needed to be done to the beginning work in process units to make the units to complete to transfer tot units require more material cost or more conversion cost? How much, in terms of cost, had been done to these units in the prior periodIn orde next department, the units have to be complete with respect to both materials and conversion. When are materials added in the process? How inventory with respect to materials? How compete are the units in ending inventory with respect to conversion? Materials and conversion cost n equivalent units. Are the number of equivalent units the same for materials and conversion? b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (Dece answers to two decimal places. Increase or Decrease Amount Change in direct materials cost per equivalent unit Increase Change in conversion cost per equivalent unit Decrease X Feedback Check My Work b. Compare the costs per equivalent unit for December and January. The December costs per equivalent unit for materials and conversion are inventory