12. Calculate the cost of goods sold using the indirect method. Cost of goods sold Required Information Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during MarchJob P and Job Q. Job P was completed and sold by the end of March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred $ 11,500 $ 1.30 2,300 $ 14,000 Job P Direct materials Direct labor cost Actual direct labor-hours worked $ 13,300 $ 19,600 1.400 Job $ 8,300 $9,100 650