Madtack Company uses a job-order costing system and started the month of March with only one job in process (Job #359). This job had $5,000 of total cost assigned to it at the beginning of March. Madtack applies overhead to jobs at a rate of 75% of direct labor cost. During March, Madtack assigned production costs as follows to the jobs worked on during the month: 

 Job #359 Job #360 Job #361 direct materials .......... $1,000 $3,000 $2,000 direct labor .............. 2,000 5,000 3,000 

During March, Madtack completed and sold Job #361. Job #359 was also completed but was not sold by the end of March. Job #360 was not completed by the end of March. 

Calculate Madtack's cost of goods manufactured for March. 

PLEASE GIVE DETAILED EXPLINATION! I WILL NOT REWARD POINTS TO JUST AN ANSWER. I WOULD LIKE TO LEARN!