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, 10,000 units, 75% completed $130,000* *Direct materials (10,000 x $9.4) $94,000 Conversion (10,000 x 75% x $4.8) 36,000 $130,000 Materials added during January from Weaving Department, 154,000 units Direct labor for January $1,470,700 317,990 Factory overhead for January Goods finished during January (includes goods in process, January 1), 155,800 units Work in process, January 31, 8,200 units, 25% completed 388,655 b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers to two decimal places. Change in direct materials cost per equivalent unit Increase or Decrease Amount Change in conversion cost per equivalent unit