Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for lanuary. Assume that all materials are added at the beginning of the process. work in process, January 1, 8,600 units, 70% completed $86,946 Direct materials (8,600 x $7.8) Conversion (8,600 x 70% x 3.3) $67,080 19,866 $86,946 Materials added during January from Weaving Department, 132,400 units Direct labor for January Factory overhead tor January Goods finished during Janry ncludes goods In process, January I), 134,000 units work in process, January 31, 7,000 units, 45% completed a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "O". For the cost per equivalent unit computations, round your answers to two decimal places. $1,039,340 200,629 245,213 Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Lnded January 31 Unit Intormation Units charged to production: Inventory In process, January 1 Recelved from Weaving Department Total units accounted for by the Cutting Department