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, 11,000 units, 557h completed $117,-430 Direct materials (11,000 * $7.60) $83,600 Conversion (11,000 55% * *5.60) 13,880 $117.480 Materials added during Januaty from Weaving Department, 169,600 units $1,297.440 Direct labor for January 416,419 factory overhead for January 508.950 Good finished during January (Includes goods in proces, Jamary 13, 171,600 units Work in process, January 31,9,000 units, 30% completed a. Prepare a cost of production report for the cutting Department of an amount is zero or a blank, enter ino". 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 Unit Information 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 Direct Materials Conversion Inventory in process, January 1 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned cost Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Total Direct Materials Conversion Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Cutting Department Costs allocated to completed and partially completed units: Inventory in process, January 1 balance To complete inventory in process, January 1 Cost of completed January 1 work in process Started and completed in January Cosis incurred in January Total costs accounted for by the Cutting Department Costs allocated to completed and partially completed units: Inventory in process, January 1 balance To complete inventory in process, January 1 Cost of completed January 1 work in process Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total costs assigned by the Cutting Department