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, 12,200 units, 60% completed $133,956 Direct materials (12,200 x $8.4) Conversion (12,200 60% x $4.3) $102,480 31,476 $133,956 $1,588,600 353,203 431,693 Materials added during January from Weaving Department, 188,000 units Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1), 190,200 units work in process, January 31, 10,000 units, 40% completed a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "o". For the cost per equivalent unit computations, round your answers to two decimal places. Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Ended January 31 Units charged to production: Inventory in process, January Recelved from Weaving Department Total units accounted for by the Cutting Department Units to be assigned costs: Whole Units Direct Materials Conversion Inventory in process, January1 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned cost Costs per equivalent unit: Direct Materials Conversion Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production