Cost of Production Roport The Cutting Department of Karacti Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the precess. Units to be assigned costs: Inventory in process, January 1 Started and completed in January Transterred to finished goods in January tinventory in process, Janubry 31 Toral units to be assigned cost Cost per equivalent unit: Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventary in process, January 1 costs incuered in Jamuary Total costs accounted for by the cutting Department Costs allocated to completed and partially completed units: Inventory in process, January 1 bolance To complete inventory in process, Jasiary 1 Cost of completed January 1 work in process started and completed in January Equivalent Units Whole Units Direct Materials Conversian Direct Materias Conversion Total: Tocal costs for January in Cuting Department Total equivalent units Cost per equivalent unit Costs assipned to sroduction: Inventory in process, Januar : Costs incerred in Jahuary tolal cents acceunted for by the Cunting Department Costs allocased to completed and partially completed unas: Inventocy in process, January 1 belance To complete inventory is srocess; January 1 Cost of compited January 1 work in precess started and completed in Xanuary Transterred so frished gocds in Janushy tweenery in precess, Jevivary 31 Total costa assigned by the Cutsing Department Disect Nuterials Conversion Tota! Total costa asured by the cuteon of partinent Change in sirect materisis cont per equivalent unt Gange is conversion cost per equivalent una Amount