Revenues P1 Kahn Industry, Inc. has three divisions. The following information was available for last quarter. Division B $320,000 Division A $200,000 Division C $140,000 Company $660,000 Cost of goods (or services) sold 160,000 Gross margin $240,000 Marketing and administrative costs 18,000 240,000 $ 80,000 20,000 100,000 500,000 $ 40,000 12,000 $160,000 50,000 Operating profit $ 22,000 $ 60,000 $ 28,000 $110,000 Interest 10,000 Income taxes (30%) 30,000 Net income $ 70,000 The CEO of Kahn Industry wanted to allocate the interest cost of $10,000 to the three divisions. Required: 1. Identify the cost object(s) and the cost pool. 2. Allocate the interest cost based on each division's (1) revenues, (2) gross margin, and (3) operating profit. P2 The account balances are listed below for Eagle Manufacturing Company for the month of March. Finished goods inventory, March 31 $29,000 Direct materials purchases 70,000 Indirect labor Direct labor 21,000 48,000 Work-in-process inventory, March 31 73,000 Factory supervisory salaries 12,000 Direct materials inventory, March 1 12,000 Factory utilities expense 4,000 Direct materials inventory, March 31 21,000 Work-in-process inventory, March 1 Factory depreciation expense 54,000 5,000 Finished goods inventory, March 1 Required: 33,000 Prepare a cost of goods manufactured and sold statement for Eagle Manufacturing Company for the month ended March 31