Required information [The following information applies to the questions displayed below] Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predetermines 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 of production, Sweeten also estimated $32,200 of fixed manufacturing overhead cost for the coming period and varioble manufacturing overhead of $3.50 per machine-hour. Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with deportmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Pequired: For questions 18, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, asrume that the company uses predetermined departmental overhicad rates with machine-hours as the aliocation base in both departments. 8. What is Sweeten Company's cost of goods sold for the year? Note: Do not round intermediate calculations