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 1,1,400 units, 75% completed $22,960 *Direct materials (1,400$12.65) Conversion (1,40075%$5.00) $17,7105,250$22,960 Materials added during January from Weaving Department, 58,000 units $742,400 Direct labor for January 134,550 Factory overhead for January Goods finished during January (includes goods in process, January 1), 56,200 units Work in process, January 31,3,200 units, 30% completed Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Ended January 31 Costs Cost 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 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total costs assigned by the Cutting Department \begin{tabular}{llll} & Increase or Decrease & Amount \\ \hline Change in direct materials cost per equivalent unit & $ \\ Change in conversion cost per equivalent unit & $ \\ \hline \end{tabular}