[The following information applles 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 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 $26,600 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.10 per machine-hour. Because Sweeten has two manufacturing departments.-Molding and Fabrication-it is considering replacing ifs plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmentat overhead rates: The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows Sverten Company had no overapplied or underannlipd manufani...... 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 yeat: Required: For questions 1.8 , assume that Swceten Company uses a plantwide precletermined overhead rate with machine-hours a: the allocation base. For questions, 9.15. assume that the company uses prectetermined departmental overhead rates witt machine-hours as the allocation base in both departments. 15. What is Sweeten Companys cost of goods sold for the year? Note: Do not round intermediote colculations