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, 13,000 units, 65% completed $130,780 Direct materials (13,000 x $7.2) $93,600 Conversion (13,000 x 65% x $4.4) 37,180 $130,780 Matenals added during January from Weaving Department, 200,400 units Direct labor for January Factory overhead for January $1,462,920 384,272 469,665 Goods finished during January (includes goods in placess, January 1), 202,800 units Work in process, January 31, 10,600 units, 40% 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. Units charged to production: Karachi Carpet Company Cost of Production Report Cutting Department Inventory in process, January 11 Received from Weaving Department Totalumite accou For the Month Ended January 31 Unit Information the Cuttinn Department 13,000 200,400 213.400 Units charged to production: Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Ended January 31 Inventory in process, January 1 Received from Weaving Department Unit Information Total units accounted for by the Cutting Department Units to be assigned costs: 13,000 V 200,400 213,400 Equivalent Units Whole Units Direct Materials Conversion Inventory in process, January 1 13,000 0 Started and completed in January Transferred to finished goods in January 202,800 10,600 10,600 213,400 Inventory in process, January 31 Total units to be assigned cost Cost Information Cost per equivalent unit: Total costs for January in Cutting Department Direct Materials Conversion Cost Information 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 Direct Materials Conversion Direct Materials Conversion Total 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 Cutting Department 20000 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. Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Increase or Decrease Increase Decrease Amount