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 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 of production, Sweeten also estimated $30,200 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per machine-hour. Because Sweeten has two manufacturing departments-Molding and Fabrication-it 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: Estimated total machine-hours used Molding Fabrication Total Estimated total fixed manufacturing overhead 2,500 1,500 4,000 $ 13, 250 $ 16,950 Estimated variable manufacturing overhead per machine-hour $ 30,200 $ 2.70 $ 3.50 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P Job 0 Direct materials $ 26,000 $ 14,500 Direct labor cost $ 31,400 $ 12,700 Actual machine-hours used: Molding 3,000 2,100 Fabrication 1,900 2,200 Total 4,900 4,300 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. Foundational 2-8 (Algo) 8. What is Sweeten Company's cost of goods sold for the year? (Do not round Intermediate calculations.) Cost of goods sold