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, 14,800 units, 80% completed $190,032* *Direct materials (14,800 x $8.6) $127,280 Conversion (14,800 x 80 % x $5.3) 62,752 $190,032 Materials added during January from Weaving Department, 228,000 units Direct labor for January Factory overhead for January $1,972,200 517,608 632,632 Goods finished during January (includes goods in process, January 1), 230,600 units Work in process, January 31, 12,200 units, 20% 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. 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: 14.800.00 228,000.00 242,800.00 Equivalent Units 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 costs Costs 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 Cost allocated to completed and partially completed units: Inventory in process, January 1 balance To complete inventory in process, January 11 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 14,800.00 0.00 2,960.00 Cost Information Direct Materials Conversion Direct Materials Conversion Total 01 b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers to two decimal places. Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Increase or Decrease Increase Decrease Amount