$23,000 80,710 Assuming that direct materials are placed in process during production, use the weighted average method with the following data: Work in process, January 1, 3,400 units, 75% completed Materials added during January from Weaving Department, 54,000 units 366,200 Direct labor for January 105,100 Factory overhead for January Goods finished during January (includes goods in process, January 1), 63,500 units Work in process, January 31, 3,900 units, 10% completed Prepare a cost of production report for the Cutting Department of Dalton Carpet Company for January. If required, round your cost per equivalent unit answer to the nearest cent. Dalton 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: Whole Equivalent Units Units of Production Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned costs Cost Information Cost per equivalent unit: Costs 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 Costs allocated to completed and partially completed units: Transferred to finished goods in January Inventory in process, January 31 Total costs assigned by the Cutting Department