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 yearJob 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 periods estimated level of production. Sweeten also estimated $28,200 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.50 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:

MoldingFabricationTotalEstimated total machine-hours used2,5001,5004,000Estimated total fixed manufacturing overhead$ 12,000$ 16,200$ 28,200Estimated variable manufacturing overhead per machine-hour$ 2.20$ 3.00

The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:

Job PJob QDirect materials$ 21,000$ 12,000Direct labor cost$ 27,400$ 10,700Actual machine-hours used:Molding2,5001,600Fabrication1,4001,700Total3,9003,300

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.

8. What is Sweeten Companys cost of goods sold for the year?

Note: Do not round intermediate calculations.