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. Karachi Carpet Company Cost of Production Report-Cutting Department \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Costs } \\ \hline Costs & Direct Materials & Conversion & Total Costs \\ \hline \multicolumn{4}{|l|}{ Cost per equivalent unit: } \\ \hline \multicolumn{4}{|l|}{ Total costs for January in Cutting Department } \\ \hline \multicolumn{4}{|l|}{ Total equivalent units } \\ \hline \multicolumn{4}{|l|}{ Cost per equivalent unit } \\ \hline \multicolumn{4}{|l|}{ Costs assigned to production: } \\ \hline \multicolumn{4}{|l|}{ Inventory in process, January 1} \\ \hline \multicolumn{4}{|l|}{ Costs incurred in January } \\ \hline \multicolumn{4}{|c|}{ Total costs accounted for by the Cutting Department } \\ \hline \multicolumn{4}{|c|}{ Cost allocated to completed and partially completed units: } \\ \hline \multicolumn{4}{|l|}{ Inventory in process, January 1 balance } \\ \hline \multicolumn{4}{|l|}{ To complete inventory in process, January 1} \\ \hline \multicolumn{4}{|l|}{ Cost of completed January 1 work in process } \\ \hline \multicolumn{4}{|l|}{ Started and completed in January } \\ \hline \multicolumn{4}{|l|}{ Transferred to finished goods in January } \\ \hline Inventory in process, January 31 & & & \\ \hline Total costs assigned by the Cutting Departme & & & \\ \hline \end{tabular} Increase or Decrease Amount Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit