Help Because Sweeten has two manufacturing departments-Molding and Fabrication-It is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional Information to enable calculating departmental overhead rates: Molding Fabrication Total Estimated total machine-hour wed 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 12,750 $ 16,650 $ 29,400 Estimated variable manufacturing overhead per machine-hour $ 2.50 $ 3.30 The direct materials cost direct labor cost, and machine-hours used for Jobs P and are as follows: Job Job Direct materials 24,000 13,500 Direct labor cost $ 29,800 $11.900 Actual machine hours uned: Molding 2,800 1,900 Fabrication 1,200 2,000 Total 4,500 3900 Sweeten Company had no overapplied or underappled manufacturing overhead costs during the year. Required: For questions 1-8, assume thot Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments, Foundational 2-15 (Algo) 15. What is Sweeten Company's cost of goods sold for the year? (Do not round Intermediate calculations.) Cost of goods sold $ 104 400