Cost of production Report The Cutting Department of Carpet Company provides the following data for work in process, January 1, 10,400 unts, completed Direct materials (10.400K $9.60) Conversion (10,400 x 60N 14.10) $99.840 29,952 $1,544 Mersadded during January from Weaving Department, 160,000 units Direct labor for January Factory overhead for January Goods finished during muary (includes goods in process, January 1), 161,800 units Work in process, Manuary 31, 8, 600 unts, 25% completed . Prepare a cost of production report for the Cutting Department. If an amount is zero Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Ended January 31 82 per equivalent unit computations, round your answers to two Units charged to production Invertory in process, January Received from Weaving Department Total units retourted for by the cutting Department Units to be used costs: Tentory in process, ed My Inventory in process, January 1 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned cost Cost per equivalent unit: 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: Inventory in process, January 1 balance 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 Inventory in process, January 31 Total costs assigned by the Otting Department Check My Work 1 9,480 x 10,400 x Total costs accounted for by the Cutting Department Costs allocated to completed and partially completed units: Inventory in process, January 1 balance To complete Inventory in process, January 1 Cost of completed January 1 work in process Started and completed in January C Transferred to finished goods in January Inventory in process, January 31 Total costs aged by the Cutting Department 14,191 C C s a. How much more percentage amount needed to be done to the beginning work in process units to make the units complete to transfer to the next department? Did these units require more material cost or more conversion cost in terms of cost, had been done to these units in the prior period? In order for units to be transferred to the next department, the units have to be complete with respect to both materials and conversion. When are materials added How complete are the units in ending inventory with respect to materials 7 How complete are the unitsin ending inventory with respect to conversion Materials and conversion cost needs to be located among the equivalent units numbers of equivalent units the same for materials and conversion? b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers Increase or Decrease Change in direct materials cost per equivalent unit Increase 0.10 Change in conversion cost per equivalent unit Increase b. Compare the costs per equivalent unit for December and January, The December costs per equivalent unit for he December per equivalent unit for materials and conversion are in the