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):
Estimated total fixed manufacturing overhead $ 14,000 Estimated variable manufacturing overhead per direct labor-hour $ 1.40 Estimated total direct labor-hours to be worked 3,500
Total actual manufacturing overhead costs incurred $ 19,000 Job P Job Q Direct materials $ 15,000 $ 9,500 Direct labor cost $ 52,000 $ 15,000 Actual direct labor-hours worked 2,600 750
Assume the ending raw materials inventory is $2,500 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured.