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 X $12.65) $17,710       Conversion (1,400 X 75% X $5.00) 5,250       $22,960     Materials added during January from Weaving Department, 58,000 units     $742,400 Direct labor for January     134,550 Factory overhead for January     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.

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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 X $12.65) $17,710    
  Conversion (1,400 X 75% X $5.00) 5,250    
  $22,960    
Materials added during January from Weaving Department, 58,000 units     $742,400
Direct labor for January     134,550
Factory overhead for January     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.

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