eBook 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, 10,600 units, 70% completed "Direct materials (10,600 x $8.40) Conversion (10,600 x 70% x $5.70) $131,334 $89,040 42,294 $131,334 Materials added during January from Weaving Department, 163,200 units $1,379,040 Direct labor for January Factory overhead for January 418,5401 511,548. Goods finished during January (includes goods in process, January 1), 165,200 units Work in process, January 31, 8,600 units, 30% completed 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. Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Ended January 31 Unit Information Units charged to production: Inventory in process, January 11 Received from Weaving Department Total units accounted for by the Cutting Department Units to be assigned costs: 1 Inventory in process, January 11 Crated.and.comelated.in.Januan Check My Work 2 more Check My Work uses remaining Whole Units DU Equivalent Units Direct Materials Conversion Previous Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Ended January 31 Units charged to production: Inventory in process, January 1 Received from Weaving Department Unit Information 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 Information Cost per equivalent unit: Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: DT Equivalent Units Whole Direct Units Materials Conversion Direct Materials Conversion Direct Total Materials Conversion Total costs for January in Cutting Department Total equivalent units rect Materials Cost per equivalent unit Costs assigned to production: Direct Conversion Total 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 Transferred to finished goods in Janury Inventory in process, January 31 Total costs assigned by the Cutting Department QO O 0 0 0 10000000 000 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 your answers to two decimal places. Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Increase or Decrease Amount Previous