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. Line Item Description Amount Amount Work in process, January 1, 1,400 units, 75% completed $22,960* *Direct materials (1,400 $12.65) $17,710 Conversion (1,400 75% $5.00) 5,250 Total $22,960 Materials added during January from Weaving Department, 58,000 units $742,400 Direct labor for January 134,550 Factory overhead for January 151,611 Goods finished during January (includes goods in process, January 1), 56,200 units Work in process, January 31, 3,200 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 ReportCutting Department For the Month Ended January 31 Units Whole Units Equivalent Units Direct Materials Equivalent Units Conversion Units charged to production: Inventory in process, January 1 fill in the blank 1 Received from Weaving Department fill in the blank 2 Total units accounted for by the Cutting Department fill in the blank 3 Units to be assigned costs: Inventory in process, January 1 fill in the blank 4 fill in the blank 5 fill in the blank 6 Started and completed in January fill in the blank 7 fill in the blank 8 fill in the blank 9 Transferred to finished goods in January fill in the blank 10 fill in the blank 11 fill in the blank 12 Inventory in process, January 31 fill in the blank 13 fill in the blank 14 fill in the blank 15 Total units to be assigned costs fill in the blank 16 fill in the blank 17 fill in the blank 18 Costs Costs Direct Materials Conversion Total Costs Costs per equivalent unit: Total costs for January in Cutting Department $fill in the blank 19 $fill in the blank 20 Total equivalent units fill in the blank 21 fill in the blank 22 Cost per equivalent unit $fill in the blank 23 $fill in the blank 24 Costs assigned to production: Inventory in process, January 1 $fill in the blank 25 Costs incurred in January fill in the blank 26 Total costs accounted for by the Cutting Department $fill in the blank 27 Cost allocated to completed and partially completed units: Inventory in process, January 1 balance $fill in the blank 28 To complete inventory in process, January 1 $fill in the blank 29 $fill in the blank 30 fill in the blank 31 Cost of completed January 1 work in process $fill in the blank 32 Started and completed in January fill in the blank 33 fill in the blank 34 fill in the blank 35 Transferred to finished goods in January $fill in the blank 36 Inventory in process, January 31 fill in the blank 37 fill in the blank 38 fill in the blank 39 Total costs assigned by the Cutting Department $fill in the blank 40 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. Line Item Description Increase or Decrease Amount Change in direct materials cost per equivalent unit $fill in the blank 42 Change in conversion cost per equivalent unit