Cost of production Report 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, 13,000 units, 65% completed $130,700 Direct materials (13,000 $72) 593,600 Conversion (13,000 X 65% $4.4) 37,180 5130,750 Matenals added during January from Weaving Department, 200,400 units 51,462,920 Direct labor for January 384,272 Factory overhead for January 469,665 Goods finished during January (includes goods in places, January 1), 202,000 units Work in process, January 31, 10,600 units, 10% completed a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in " for the cost per equivalent 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 11000 Units charged to production Inventory in proces, January 1 Received from Weaving Department 200400 213.400 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 13,000 200,400 Total units accounted for by the Cutting Department Units to be assigned costs: 213.400 Equivalent Units Direct Conversion Materials Whole Units 13,000 0 Inventory in process, January 1 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned cost 202,800 10,600 10,600 213.400 Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for January in Cutting Department Coscormato Cost per equivalent unit: Direct Materials Conversion $ 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 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total costs assigned by the Cutting Department b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers to two decimal places Increase or Decrease Amount Increase Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Decrease