Cost of Production Report 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. work in process, January 1, 8,200 units, 65% completed $111,930* *Direct materials (8,200 x $10.4) $85,280 26,650 $111,930 Conversion (8,200 x 65% x $5) Materials added during January from Weaving Department, 126,400 units Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1), 127,800 units Work in process, January 31, 6,800 units, 35% completed a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places. $1,327,200 275,294 336,471 Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Ended January 31 Previous Next Check My Work 5 more Check My Work uses remaining 456 PME 332 eBook Calculator Print Item Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Ended January 31 GO 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: GO Equivalent Units Whole Units Direct Materials Inventory in process, January 1 Started and completed in Jaruary Transferred to finished goods in January Irnventory in process, January 31 1,400 Previous Next Check My Work 5 more Check My Work uses remaining 5/6 items 4:56 PM e here to search 32019 24 99+ mework eBook Print item Equivalent Units Whole Units Direct Materials Conversion 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 1,400 GO GO GO Cost Information %) Cost per equivalent unit: Direct Materials Conversion Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Direct Previous Next Check My Work 5 more Check My Work uses remaining /6 items 4:56 PM e here to search 3/13/2019 24 Costs assigned to production Direct Materials Conversion Total Inventory in process, January1 Costs incurred in January Total costs accounted for by the Qutting 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 Cutting Department change in cost per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers to two decimal places PreviousNext Check My Work 5 more Check My Work uses remaining 457 PM dx ()L 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 Cutting Department b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers to two decimal places. Increase or Decrease Amount Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Previous Next Check My Work 5 more Check My Work uses remaining Save and Exit Submit Assignment for Grading All work saved 457 PM 3/13/2019 24 99+