value: 0.33 points Foundational 3-8 8. Assume the ending raw materials inventory is $2,600 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production 0 Total manufacturing costs G Cost of goods manufactured Required information sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. 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) 14,400 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour 50 3,600 Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred $19,500 b P Job Q Direct materials 15,000 9,600 40,500 12,000 Direct labor cost Actual direct labor-hours worked 2700 800