8. 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. Description Work in process, January 1, 1,400 units, 75% completed Direct materials (1,400 x $13) Conversion (1,400 x 12) Total direct materials and conversion Dollar amount $22,960 $18,200 16,800 35,000 Materials added during January from weaving department, 58,000 units Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1), 56,200 units Work in process, January 31, 3,200 units, 30% completed 745,000 134,550 151,661 ? ? a. Find the missing values in the last two rows b. Prepare a cost of production report for the Cutting Department. c. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December).