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 begi work in process, January 1, 10,400 units, 60% completed 115,024 "Direct materials (10,400 x $8) conversion (10,400 x 60% $5.1) $83,200 31,824 $115,024 Materials added during January from Weaving Department, 160,000 units Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1), 361,800 units work in process, January 31, 8,600 units, 35% 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. $1,304,000 356,783 436,067 Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Ended January 31 Units charged to production: Inventory in process, January 1 10.400 160,000 Previous Nxt)