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1) Calculate Madtacks cost of goods manufactured for march. 2) Calculate Madtacks cost of goods sold for march after the overhead variance is closed. Madtack

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1) Calculate Madtacks cost of goods manufactured for march.
2) Calculate Madtacks cost of goods sold for march after the overhead variance is closed.
Madtack Company uses a job order costing system and started the month of March with three jobs in process. The cost of beginning work in process plus the costs added duning March are shown below: Job #359 Job #360 Job #361 beginning work in process -41u. s4,8 $3,500 56,300 COSTS ADDED DURING MARCH direct naterials.-$4/100 direct labor4HIHAU. .A. $3,900 3, eee $6,400 4,000 5,000 Maatack applies overhead to jobs at a rate of 85% of direct materials used. During March, Maatack completed and sold Job #361. Job #359 was also completed but was not sold by the end of March. Job #360 was not compieted by the end of Harch- Madtack s actual overhead cost for the month of March totaled s11 .5e0

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