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 $1,13,400$ units, $55\%$ completed

$$145,993*$

$*$Direct materials $(13,400$$$8\mathrm{.}20)$

Factory overhead for January

$567,545$

Goods finished during January $($includes goods in process, January $1),208,800$ units

Work in process, January $31,11,000$ units, $45\%$ completed

a$.$ Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in $"0".$ For the cost per equivalent unit computations, round

your answers to two decimal places.

Karachi Carpet Company

Cost of Production Report$$Cutting Department

For the Month Ended January $31$

Units charged to production:

Inventory in process, January $1$

Received from Weaving Department

$206,400$

Total units accounted for by the Cutting

Department

Units to be assigned costs: