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, 12,400 units, 65% completed $148,490* *Direct materials (12,400 $8.40) $104,160 Conversion (12,400 65% x $5.50) 44,330 $148,490 Materials added during January from Weaving Department, 190,800 units Direct labor for January Factory overhead for January $1,631,340 476,330 582,182 Goods finished during January (includes goods in process, January 1), 193,000 units Work in process, January 31, 10,200 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.