Cost Computations. The Kieinschmidt Company submits the following data on October 31, 19-: raw 1 answer below »

Cost Computations. The Kieinschmidt Company submits the following data on October 31, 19-: raw materials put into process, $42,300; direct labor is paid at the rate of $3.90 and $4.20 per hour in Departments A and B respectively; Department A worked 12,250 hours and Department B reported 19,750 hours. Factory overhead is applied on the basis of direct labor hours at the rate of $2.50 per hour in Department A and $2.10 per hour in Department B.

Inventories

Oct. 1

Oct. 31

Raw materials

$15,000

$19,200

Work in process

17,300

19,425

Finished goods

11,300

9.400

Required: Without preparing a formal income statement

:

(a) Total costs put into process.

(b) Cost of goods manufactured.

(c) Cost of goods sold.