1. ost of Production Report: Average Cost Method

   Use the average cost method with the following data:

   Work in process, January 1, 4,100 units, 20% completed	$25,256
   Materials added during January from Weaving Department, 77,500 units	463,450
   Direct labor for January	118,663
   Factory overhead for January	90,647
   Goods finished during January (includes goods in process, January 1), 75,900 units
   Work in process, January 31, 5,700 units, 60% completed

   Prepare a cost of production report for the Cutting Department of Dalton Carpet Company for January using the average cost method. If required, round your cost per equivalent unit answer to two decimal places.

   Dalton 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:
   	Whole Units	Equivalent Units of Production
   Transferred to finished goods in January
   Inventory in process, January 31
   Total units to be assigned costs
   Cost Information
   Cost per equivalent unit:
   		Costs
   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:
   Transferred to finished goods in January		$
   Inventory in process, January 31
   Total costs assigned by the Cutting Department		$