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conversion from the previous month July OBJ. 2, 4 EX 20-17 Cost of production report Conversion cost perThe Cutting Department o equivalent unit 55.10 arpet Company provides the following data for January. Assume that all materials are added at the beginnin Work in process, January 1, 1,400 units, 75% completed $ 22,960 $17,710 5,250 $22,960 Direct materials (1,400 x $12.65) Conversion (1,400 x 75% $5.00) Materials added during January from Weaving Department, 58,000 units Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1), 56,200 units Work in process, January 31, 3,200 units, 30% completed $742,400 134,550 151,611 a. Prepare a cost of production report for the Cutting Department. b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December)