Cost of Production Report The Cutting Department of Karachi Carpet Company process provides the following data for January. Assume that all materials are added at the beginning of the work in process, January 1, 10,200 units, 60% completed $125,460 Direct materials (10,200 x $9.6) Conversion (10,200 x 60% x $45) $97,920 27,540 $125,460 $1,516,980 320,809 392,099 Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1), 159,000 units work in process, January 31, 8,400 units, 25% completed a. Prepare a cost of production report for the Cutting Department. If an computations, round your answers to two decimal places. amount is zero or a blank, enter in "0 . For the cost per equivalent unit Karachi Carpet Company Cost of Production Report-cutting Department For the Month Ended January 31 Units charged to production: inventory in process, January 1 10.400 X 160 Next