QUESTION 18 a. Key Corp. began operations on October 1, 2020. It employs a job-order costing system. Overhead is charged at a normal predetermined rate of $2.70 per direct labor hour. The actual operations for the month of October are summarized as follows: Purchases of direct material $50,000. b. Material and labor costs charged to production: Total DL Job No. Units Total DMS Total DLS hours 101 10,000 $4,000 $6,000 3,000 102 8,800 3,600 5,400 2,700 103 16,000 7,000 9,000 4,500 104 8,000 3,200 4,800 3,600 Total 42,800 17,800 25,200 13,800 c. Actual overhead costs incurred: variable $22,500: Fixed $15,000 d. Completed Jobs 101, 102 and 103 e. Sold Jobs 102 and 103 Compute: 1. Ending work in process inventory on October 31, 2020 2. Ending finished goods inventory on October 31, 2020 3. Unadjusted cost of goods sold in October