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, 14,400 units, 75% completed $165,240* *Direct materials (14,400 x $7.20) $103,680 Conversion (14,400 x 75% * $5.70) 61,560 $165,240 $1,617,680 546,689 Materials added during January from Weaving Department, 221,600 units Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1), 224,200 units Work in process, January 31, 11,800 units, 30% completed 668,175 - a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "O". 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: whole Units Equivalent Units Direct Materials Conversion Inventory in process, January 1 Started and completed in January Transferred to finished goods in January Duo Inventory in process, January 31 Total units to be assigned cost Cost Information Cost per equivalent unit: Direct Materials Conversion S Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Direct Materials Conversion Total Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Cutting Department Costs allocated to completed and partially completed units: Inventory in process, January 1 balance To complete inventory in process, January 1 Cost of completed January 1 work in process puidu po Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total costs assigned by the Cutting Department