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Required Information The Foundational 15 [LO2-1, LO2-2, LO2-3, LO2-4] (The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress
Required Information The Foundational 15 [LO2-1, LO2-2, LO2-3, LO2-4] (The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments-Molding and Fabrication. It started, completed, and sold only two jobs during March-Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March) Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Folding Fabrication Total molding Fabrication Total $14,000 $1.40 2,23 $22,200 $2.29 5,930 $ 37,000 Job P Job Q $ 19,240 $31,000 $ 11,40 $11,300 2,530 200 3,400 1,100 1, Me 2,130 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1 to 9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10 to 15. assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base Foundational 2-9 (Algo) 9. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate cak ulations.)
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