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, 10,800 units, 80% completed "Direct materials (10,800 x $10.20) Conversion (10,800 x 80 % x $5.50) $157,680* $110,160 47,520 $157,680 Materials added during January from Weaving Department, 166,400 units $1,713,920 Direct labor for January 409,248 Factory overhead for January 500,192 Goods finished during January (includes goods in process, January 1), 168,400 units Work in process, January 31, 8,800 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. Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Ended January 31