Cost of Production Report: Average Cost Method

Use the average cost method with the following data:

Work in process, January 1, 3,400 units, 75% completed	$ 23,000
Materials added during January from Weaving Department, 64,000 units	366,200
Direct labor for January	105,100
Factory overhead for January	80,710
Goods finished during January (includes goods in process, January 1), 63,500 units
Work in process, January 31, 3,900 units, 10% completed

Prepare a cost of production report for the Cutting Department of Dalton Carpet Company for January 2016 using the average cost method. If required, round your cost per equivalent unit answer to the nearest cent.

Dalton Carpet Company
Cost of Production Report-Cutting Department
For the Month Ended January 31, 2016
Unit Information
Units charged to production:
Inventory in process, January 1		fill in the blank 1
Received from Weaving Department		fill in the blank 2
Total units accounted for by the Cutting Department		fill in the blank 3
Units to be assigned costs:
	Whole Units	Equivalent Units of Production
Transferred to finished goods in January	fill in the blank 4	fill in the blank 5
Inventory in process, January 31	fill in the blank 6	fill in the blank 7
Total units to be assigned costs	fill in the blank 8	fill in the blank 9
Cost Information
Costs per equivalent unit:
		Costs
Total costs for January in Cutting Department		$fill in the blank 10
Total equivalent units		fill in the blank 11
Cost per equivalent unit		$fill in the blank 12
Costs assigned to production:
Inventory in process, January 1		$fill in the blank 13
Costs incurred in January		fill in the blank 14
Total costs accounted for by the Cutting Department		$fill in the blank 15
Costs allocated to completed and partially completed units:
Transferred to finished goods in January		$fill in the blank 16
Inventory in process, January 31		fill in the blank 17
Total costs assigned by the Cutting Department		$fill in the blank 18