Required Information [The following information applies to the questions displayed below] Sweeten Company had nojobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only twojobs during the yearJob P and Job 0. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the period's estimated level ofproduction. Sweeten also estimated $29,400 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.80 per machine-hour. Because Sweeten has two manufacturing departmentsMolding and Fabricationit 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: Holding Fabrication Total Estimated total machinehours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 12,?50 5 16,650 5 29,400 Estimated variable manufacturing overhead per machinehour S 2.50 $ 3.30 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P Job Q Direct materials $ 24,000 $ 13,500 Direct labor cost $ 29,800 $ 11,900 Actual machine-hours used: Molding 2,800 1,900 Fabrication 1,700 2,000 Total 4,500 3,900 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume that 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. 15. What is Sweeten Company's cost of goods sold for the year? Note: Do not round intermediate calculations. Cost of goods sold