t of Production Report eCutting Department of Karachi Carpet

t of Production Report eCutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process. in process, January 1, 1,400 units, 75% completed 22,960 Direct materials (1,400 X $12.65) Conversion (1,400 x 75% x $5.00) $17,710 5,250 $22,960 aterials added during January from Weaving Department, 58,000 units rect labor for Januery ctory overhead for January oods finished during January (includes goods in process, January 1). 6,200 units ork in process, January 31, 3,200 units, 30% completed 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 our answers to two decimal places. $742,400 134,550 151,611 Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Ended January 31 Units charged to production Inventory in process, January 1 Recelved from Weaving Department Previous Next eck My Work

Solution

a.

Unit Information

Units to be assigned costs:

Cost information

Costs assigned to production:

b.

Units charged to production:
Inventory in process, Jan 1	1400
Received from Weaving department	58000
Total units accounted for by the Cutting department	59400