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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 1,14,600 units, 70% completed *Direct materials (14,600$7.20) Conversion (14,60070%$3.80) Materials added during January from Weaving Department, 224,800 units Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1), 227,400 units Work in process, January 31,12,000 units, 30% completed 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 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: Cost Information Direct Materials Direct Materials Direct Materials Conversion Conversion Conversion Total Cost per equivalent unit: Total costs for January 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, January 1 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 Total $ Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit