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, 12,600 units, 65% completed $156,933* *Direct materials (12,600 $9.40) $118,440 Conversion (12,600 65% $4.70) 38,493 $156,933 Materials added during January from Weaving Department, 194,000 units $1,833,300 Direct labor for January 398,868 Factory overhead for January 487,506 Goods finished during January (includes goods in process, January 1), 196,200 units Work in process, January 31, 10,400 units, 45% completed Question Content Area a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places