Cost or 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. 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. Units charged to production: Unit Information Inventory in process, January 1 Received from Weaving Department Total units accounted for by the Cutting Department Units to be assigned costs: 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 per equivalent unit: Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Whole Units Equivalent Units Direct Materials 10,800 Cost Information Direct Materials Direct Materials Conversion Conversion Conversion Total Cost or 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. 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. Units charged to production: Unit Information Inventory in process, January 1 Received from Weaving Department Total units accounted for by the Cutting Department Units to be assigned costs: 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 per equivalent unit: Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Whole Units Equivalent Units Direct Materials 10,800 Cost Information Direct Materials Direct Materials Conversion Conversion Conversion Total
