Question Content Area

Cost 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.

Work in process, January $1,15,000$ units, $70\%$ completed $$198,600*$

$*$Direct materials $(15,000\backslash$times $$9\mathrm{.}60)$ $$144,000$

Conversion $(15,000\backslash$times $70\%\backslash$times $$5\mathrm{.}20)54,600$

$$198,600$

Materials added during January from Weaving Department, $231,200$ units $$2,254,200$

Direct labor for January $518,165$

Factory overhead for January $633,313$

Goods finished during January $($includes goods in process, January $1),233,800$ units $$

Work in process, January $31,12,400$ units, $20\%$ completed $$

Question Content Area

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.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:

Costs allocated to completed and partially completed