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 $1,7,800$ units, $55\%$ completed

$*$Direct materials $(7,800$$$9\mathrm{.}8)$

Conversion $(7,80055\%$$$3\mathrm{.}7)$

Print ltem

$$92,313**$

$$76,440$

$15,873$

$$92,313$

Materials added during January from Weaving Department, $120,000$ units

Direct labor for January

Factory overhead for January

Goods finished during January $($includes goods in process, January $1),121,400$ units

Work in process, January $31,6,400$ units, $25\%$ completed

$$1,194,000$

$202,994$

$248,104$

a$.$ Prepare a cost of production report for the Cutting Department. If an amount box does not require an entry, leave it blank. For the cost per equivalent unit cor 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:

Equivalent Units

Whole

Units

Inventory in process, January $1$

$2$ more Check My Work uses remaining.

All work saved.

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 $1,7,800$ units, $55\%$ completed

$$92,313**$

$*$Direct materials $(7,800$$$9\mathrm{.}8)$

$$76,440$

Conversion $(7,80055\%$$$3\mathrm{.}7)$

$\frac{15,873}{\text{\$}92,313}$

Materials added during January from Weaving Department, $120,000$ units

$$1,194,000$

Direct labor for January

$202,994$

Factory overhead for January

$248,104$

Goods finished during January $($includes goods in process, January $1),121,400$ units

Work in process, January $31,6,400$ units, $25\%$ completed

a$.$ Prepare a cost of production report for the Cutting Department. If an amount box does not require an entry, leave it blank. For the cost per equivalent unit co decimal places.

Karachi Carpet Company

Cost of Production Report$-$Cutting Department

For the Month Ended January $31$

Units charged to production:

Unit Information

Inventory in process, January $1$

Received from Weaving Department

Total units accounted for by the Cutting Department

Units to be assigned costs:

Whole

Units

Equivalent Units

Direct

Materials

Conversion

Inventory in process, January $1$

$2$ more Check My Work uses remaining.

All work saved.