The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are

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The Cutting Department of Karachi Carpet Company provides thefollowing data for January. Assume that all materials are added atthe beginning of the process. Work in process, January 1, 7,400units, 65% completed $88,615* *Direct materials (7,400 × $8.4)$62,160 Conversion (7,400 × 65% × $5.5) 26,455 $88,615 Materialsadded during January from Weaving Department, 114,000 units$974,700 Direct labor for January 275,295 Factory overhead forJanuary 336,471 Goods finished during January (includes goods inprocess, January 1), 115,400 units — Work in process, January 31,6,000 units, 45% completed — Question Content Area a. Prepare acost of production report for the Cutting Department. If an amountbox does not require an entry, leave it blank. For the cost perequivalent unit computations, round your answers to two decimalplaces.

The Cutting Department Of Karachi Carpet Company Provides The Following Data For January Assume That All Materials Are 1 (59.18 KiB) Viewed 32 times

b. Compute and evaluate the change in thecosts per equivalent unit for direct materials and conversion fromthe previous month (December). When the answer is an increase enterit as a positive number and when it's a decrease enter it as anegative number. If required, round your answers totwo decimal places.
DecreaseIncrease
DecreaseIncrease
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 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 costs Whole Units Equivalent Units Direct Materials Conversion

Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Cutting Department 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 Direct Materials Materials $ Conversion Conversion Total