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 $1,15,000$ units, $55\%$ completed $$148,425*$

$*$Direct materials $(15,000\backslash$times $$7\mathrm{.}2)$ $$108,000$

Conversion $(15,000\backslash$times $55\%\backslash$times $$4\mathrm{.}9)40,425$

$$148,425$

Materials added during January from Weaving Department, $231,200$ units $$1,687,760$

Direct labor for January $518,648$

Factory overhead for January $633,902$

Goods finished during January $($includes goods in process, January $1),233,800$ units $$

Work in process, January $31,12,400$ units, $40\%$ completed $$

Question Content Area

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.

$**$ PLEASE PROVIDE AN ACCURATE ANSWER BASED ON THE NUMBER GIVEN AND ANSWERING EVERY BOX ON THE JOURNAL ON THE IMAGE TO GET A GOOD REVIEW PLEASE