Cust of Prpduction Rroort The Cumting Department of karath Capet Company zrevides the following dyla tor fanyary Asount that all matirlats are adsed at the twdirping af the froct is: Cost Information Cost per equivalent unit: Total costs for Janvary in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: 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, ]anuary I 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 Direct Materials Conversion Direct Materials Direct Materials Conversion Conversion Total b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, round yo Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit