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Madtack Company uses a job-order costing system and s tarted the month of March with three jobs in process. The cost 0 f beginning work
Madtack Company uses a job-order costing system and s tarted the month of March with three jobs in process. The cost 0 f beginning work in process plus the costs added during March are given below: Madtack applies overhead to jobs using a pre-determin ed rate of 80% of direct materials cost. During March, Madtack c ompleted and sold Job \#3. Job \#1 was also completed but was no t sold by the end of March. Job \#2 was not completed by the end of March. Madtack's actual overhead cost for the month of March totaled $24,000. Calculate Madtack's cost of goods sold for March afte r the overhead variance is closed
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