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 pro Work in process, January 1, 7,600 units, 75% completed $98,040" "Direct materials (7,600 $9.00) $68,400 Conversion (7,600 x 75% * $5.20) 29,640 $98,040 Materials added during January from Weaving Department 117.200 units $1,066,520 Direct labor for January 265,509 Factory overhead for January 324,510 Goods finished during January (includes goods in process, January 1), 118,600 units Work in process, January 31, 6,200 units, 45% completed a. Prohre 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 computa Karachi 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: Equivalent Units Whole Direct Units Materials Conversion Inventory in process, January 1 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 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 Cost Information Cost per equivalent unit: Direct Materials Conversion