ost of Production Report me Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process. "Vork in process, January 1, 9,800 units, 70% completed $119,854 *Direct materials (9,800 x $8.8) $86,240 Conversion (9,800 x 70% x $4.9) 33,614 $119,854 Materials added during January from Weaving Department, 150,800 units $1,342,120 Direct labor for January 333,315 Factory overhead for January 407,385 Goods finished during January (includes goods in process, January 1), 152,600 units Work in process, January 31, 8,000 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. Karachl 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 9,800 15.ann Check My Work 1 more Check My Work uses remaining Next All work saved Save and Exit Submit Assignment for Grad O 00 ook Calculator Print Item ur 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 1 Received from Weaving Department 9,800 150,800 Total units accounted for by the Cutting Department Units to be assigned costs: 160,600 Whole Units 9,800 Equivalent Units Direct Materials Conversion 0 2,940 142,800 142,800 142,800 Inventory in process, January 1 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 152,600 142,800 145,740 8,000 8,000 8,000 Total units to be assigned costs 160,600 150,800 153,740 Cost Information Costs per equivalent unit: Conversion Direct Materials 1,342,120 Total costs for January in Cutting Department 402,636 heck My Work 1 more Check My Work uses remaining. All work saved. Save and Exit Submit Assignment Costs per equivalent unit: Direct Materials Conversion 1,342,120 402,636 150,800 153,740 Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: 8.90 556,376 Direct Materials Conversion Total 119,854 Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Cutting Department Cost 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 b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). I Check My Work 1 more Check My Work uses remaining. Save and Exit Sub All work saved. Book Calculator Print Item Direct Materials Conversion Total Inventory in process, January 1 119,854 Costs incurred in January Total costs accounted for by the Cutting Department Cost 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 b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, roun answers to two decimal places. Increase or Decrease Amount Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Check My Work 1 more Check My Work uses remaining Save and Exit Submit Assignment fe All work saved