Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March%u2014Job 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):
- Estimated total fixed manufacturing overhead: $10,000
- estimated variable manufacturing overhead per direct labor hour: $1.00
- estminated total labor hours to be worked: $2000
- total actual manufacturing cost incurred: $12,500
Assume that Job P includes 20 units that each sell for $3,000 and that the company's selling and administrative expenses in March were $14,000.
1. What is the cost of goods solds?
2. If Job P included 20 units, what is its unit product cost? What is the total amount of manufacturing cost assigned to Job Q as of the end of March.