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, 10,400 units, 65% completed $112,892* *Direct materials (10,400 x $7.80) $81,120 Conversion (10,400 x 65% x $4.70) 31,772 $112,892 Materials added during January from Weaving Department, 160,000 units $1,272,000 Direct labor for January 328,944 Factory overhead for January Goods finished during January (includes goods in process, January 1), 161,800 units Work in process, January 31, 8,600 units, 45% completed 402,042 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 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