PLEASE HELP! On test!

Cast 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.

Cost of Production Report The Cutting Department of Karachi Carpat Company provides the following data for January. Assume that all matenals are added at the begmning of the process a. Prepare a cost of production repert for the Cutting Department, if an amount ss zero or a biank, enter in "o". For the cost per enuivalent unir computations, round you answers to two decimal places. 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: Inventory in process, lanuory 1 Costs incurred in January Total costs accounted for by the Cutting Deportment Costs allocated to completed and partially completed units: Inventory in process, January 1 balance To complete irventory in process, January 1 Cost of completed January 1 work in process Started and completed in January Transferred to finished goods in January Equivalent Units Whole Units Direct Materials Conversion Cost informotion Direct Materials Conversion Direct Materials Conversion Total b. Compute and evalubte the change in the costs per equivalent unit for direct matenals and conversion from the previous month (December). 11 required, round rour answet to twe docimal olaces