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, 7,200 units, 65% completed $76,896* *Direct materials (7,200 x $8.60) $61,920 Conversion (7,200 x 65% x $3.20) 14,976 $76,896 Materials added during January from Weaving Department, 110,800 units Direct labor for January Factory overhead for January $969,500 162,682 198,833 Goods finished during January (includes goods in process, January 1), 112,200 units Work in process, January 31, 5,800 units, 35% 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 Units charged to production: For the Month Ended January 31 Inventory in process, January 1 Unit Information 7,200