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, 80% completed $138,840* *Direct materials (13,000 x $7.40) $96,200 Conversion (13,000 80% x $4.10) 42,640 $138,840 Materials added during January from Weaving Department, 200,400 units Direct labor for January Factory overhead for January $1,513,020 352,998 431,442 Goods finished during January (includes goods in process, January 1), 202,800 units Work in process, January 31, 10,600 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. 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: 13,000 200,400 213,400