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, 10,800 units, 70% completed $111,024 *Direct materials (10,800 × $7.20) Conversion (10,800 x 70% × $4.40) Materials added during January from Weaving Department, 166,400 units Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1), 168,400 units Work in process, January 31, 8,800 units, 45% completed $77,760 33,264 $111,024 $1,214,720 333,720 407,880 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 Report-Cutting Department

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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, 10,800 units, 70% completed
$111,024
*Direct materials (10,800 x $7.20)
Conversion (10,800 x 70% × $4.40)
Materials added during January from Weaving Department, 166,400 units
Direct labor for January
Factory overhead for January
Goods finished during January (includes goods in process, January 1), 168,400 units
Work in process, January 31, 8,800 units, 45% completed
$77,760
33,264
$111,024
$1,214,720
333,720
407,880
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 Report-Cutting Department
For the Month Ended January 31
Transcribed Image Text: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, 10,800 units, 70% completed $111,024 *Direct materials (10,800 x $7.20) Conversion (10,800 x 70% × $4.40) Materials added during January from Weaving Department, 166,400 units Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1), 168,400 units Work in process, January 31, 8,800 units, 45% completed $77,760 33,264 $111,024 $1,214,720 333,720 407,880 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 Report-Cutting Department For the Month Ended January 31
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:
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
Cost per equivalent unit:
Total costs for January in Cutting Department
Total equivalent units
Cost per equivalent unit
Costs assigned to production:
Unit Information
Whole Units
10,800
Equivalent Units
Cost Information
Direct Materials.
Direct Materials
Direct Materials
Conversion
Conversion
10,800
166,400 ✔
177,200 ✓
Conversion
Total
Transcribed Image Text: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: 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 Cost per equivalent unit: Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Unit Information Whole Units 10,800 Equivalent Units Cost Information Direct Materials. Direct Materials Direct Materials Conversion Conversion 10,800 166,400 ✔ 177,200 ✓ Conversion Total
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