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, 14,200 units, 80% completed $172,672* *Direct materials (14,200 $9.60) $136,320 Conversion (14,200 80% x $3.20) 36,352 $172,672 Materials added during January from Weaving Department, 218,800 units Direct labor for January Factory overhead for January $2,133,300 299,479 366,029 Goods finished during January (includes goods in process, January 1), 221,400 units Work in process, January 31, 11,600 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.