Question

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):

	Molding			Fabrication			Total
Estimated total machine-hours used		2,500			1,500			4,000
Estimated total fixed manufacturing overhead	$	15,000		$	18,000		$	33,000
Estimated variable manufacturing overhead per machine-hour	$	3.40		$	4.20

	Job P			Job Q
Direct materials	$	33,000		$	18,000
Direct labor cost	$	37,000		$	15,500
Actual machine-hours used:
Molding		3,700			2,800
Fabrication		2,600			2,900
Total		6,300			5,700

Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.

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 departmental predetermined overhead rates with machine-hours as the allocation base in both departments.

Foundational 2-15

15. What was Sweeten Company’s cost of goods sold for March? (Do not round intermediate calculations.)

This is the full question^

Answer 1