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.

Description	Dollar amount
Work in process, January 1, 1,400 units, 75% completed		$22,960
Direct materials (1,400 x $13)	$18,200
Conversion (1,400 x 12)	16,800
Total direct materials and conversion	35,000
Materials added during January from weaving department, 58,000 units		745,000
Direct labor for January		134,550
Factory overhead for January		151,661
Goods finished during January (includes goods in process, January 1), 56,200 units		?
Work in process, January 31, 3,200 units, 30% completed		?

1. Find the missing values in the last two rows

2. Prepare a cost of production report for the Cutting Department.

3. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December).