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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
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 during March are shown below: Job #360 $6,300 Job #361 $4,800 Job #359 beginning work in process ...3,500 COSTS ADDED DURING MAROH direct Labor $3,300 4,000 $4,900 5,000 3,000 Madtack applies overhead to jobs at a rate of 125% of direct labor cost. During March, Madtack completed and sold Job #360, Job #361 was also completed but was not sold by the end of March. Job #359 was not completed by the end of March. Madtack's actual overhead cost for the month of March totaled $18,000 Calculate the cost of goods sold reported by Madtack Company for March after the overhead variance has been closed. Do not use decimals in your
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