intake AssamentMain doinvoker=&takeAssignmentSessionLocator.&inprogress=false myCampus Secure Coastal Carolina C... 2 UNCW - Zoom - V... Book Calculator 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, 10,600 units, 65% completed $121,529 "Direct materials (10,600 x $8.80) $93,280 Conversion (10,600 x 65% * $4.10) 28,249 $121,529 Materials added during January from Weaving Department, 162,200 units Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1), 165,200 units Work in process, January 31, 8,600 units, 20% completed $1,452,480 288,054 352,066 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 Unitindo manon 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: Equivalent Units Check My Work Previous eBook Ons Calculator we assigne cosus Equivalent Units Direct Materials Conversion Whole Units Inventory in process, January 1 10.600 3,710 Started and completed in January 154,600 Transferred to finished goods in January 165,200 Inventory in process, January 31 8,600 Total units to be assigned cost 173,800 163,200 160,0.30 Cost Information Cost per equivalent unit: Conversion Total costs for January in Cutting Department Direct Materials $ 1,452,480 163,200 Total equivalent units 160,030 Cost per equivalent unit Costs assigned to production: Direct Materials Conversion Total Inventory in process, January 1 $121,529 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 comnleted in an ATV Check My Work eBook Ons Calculator assigne cost Equivalent Units Direct Materials Conversion Whole Units Inventory in process, January 1 10.600 3,710 Started and completed in January 154,600 Transferred to finished goods in January 165,200 Inventory in process, January 31 8,600 Total units to be assigned cost 173,800 163,200 160,030 Cost Information Cost per equivalent unit: Conversion Total costs for January in Cutting Department Direct Materials $1,452,480 163,200 Total equivalent units 160,030 Cost per equivalent unit Costs assigned to production: Direct Materials Conversion Total Inventory in process, January 1 $121,529 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 Ianuary Check My Work eBook Calculator costs assigned to production: Direct Materials Conversion Total $ 121,529 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 Feedback Check My Work a. How much more (percentage amount) needed to be done to the beginning work in process units to make the units complete to transfer to the next department? Did these units require more material cost or more conversion cost? How much, in terms of cost, had been done to these units in the prior period? In order for units to be transferred to the next department, the units have to be complete with respect to both materials and conversion. When are materials added in the process? How complete are the units in ending inventory with respect to materials? How complete are the units in ending inventory with respect to conversion Materials and conversion cost needs to be allocated among the equivalent units. Are the numbers of equivalent units the same for materials and conversion? 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. Check My Work Previous All work saved. Email Instructor Save and Exit Submit Assignment for Grading material cost or more conversion 2017 How much, in terms of cost, had been done to those units in the prior period in order for units to be transferred to the next departme to be complete with respect to both materials and conversion. When are materials added in the process? How complete are the units in onding inventory w rospect to ma complete are the units in ending inventory with respect to conversion Materials and conversion cost needs to be allocated among the equivalent units. Are the numbers of same for materials and conversion? b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, answers to two decimal places. Increase or Decrease Amount Change in direct materials cost per equivalent unit Increase Change in conversion cost per equivalent unit Decrease Feedback Check My Work b. Compare the costs per equivalent unit for December and January. The December costs per equivalent unit for materials and conversion are in the January 1 work in proce Feedback Check My Work Partially correct Check My Work All work saved. Email Instructor Save and Exit Submit Assign MacBook Air