Cost of Production Report: Average Cost Method Use the average cost method with the following data: $43,365 Work in process, January 1, 5,900 units, 10% completed Materials added during January from Weaving Department, 111,500 units 796,110 Direct labor for January 205,114 Factory overhead for January 161,966 Goods finished during January (includes goods in process, January 1), 109,100 units Work in process, January 31, 8,300 units, 70% completed Prepare a cost of production report for the Cutting Department of Dalton Carpet Company for January using the average cost method. If required, round your cost per equivalent unit answer to two decimal places. Dalton 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 Received from Weaving Department Total units accounted for by the Cutting Department Previous Next Check My Work Prepare a cost of production report for the Cutting Department of Dalton Carpet Company for January using the average cost method. If required, round your cost per equivalent unit answer to two decimal places. Dalton 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 Received from Weaving Department Total units accounted for by the Cutting Department Units to be assigned costs: Whole Units Equivalent Units of Production Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned costs Cost Informatie Cost per equivalent unit: Costs Check My Work Previous Next Production Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned costs Cost Information Cost per equivalent unit: Costs Total costs for January in Cutting Department $ Total equivalent units Cost per equivalent unit $ Costs assigned to production: Inventory in process, January 1 $ Costs incurred in January Total costs accounted for by the Cutting Department Costs allocated to completed and partially completed units: Transferred to finished goods in January Inventory in process, January 31 Total costs assigned by the Cutting Department $ Check My Work Previous Next