Sweeten Company had no jobs in progress at the beginning ofMarch and no beginning inventories. It started only two jobs duringMarch—Job P and Job Q. Job P was completed and sold by the end ofMarch and Job Q was incomplete at the end of March. The companyuses a plantwide predetermined overhead rate based on directlabor-hours. The following additional information is available forthe company as a whole and for Jobs P and Q (all data and questionsrelate to the month of March): Estimated total fixed manufacturingoverhead $ 14,400 Estimated variable manufacturing overhead perdirect labor-hour $ 1.50 Estimated total direct labor-hours to beworked 3,600 Total actual manufacturing overhead costs incurred $20,000 ________________________________________ Job P Job Q Directmaterials $ 15,000 $ 9,600 Direct labor cost $ 40,500 $ 12,000Actual direct labor-hours worked 2,700 800________________________________________
11. Calculate the cost of goods manufactured using the indirectmethod.
12. Calculate the cost of goods sold using the indirectmethod.
13. How would you revise your answer to question 11 if thecompany had beginning work in process inventory of $9,600?
14. How would you revise your answer to question 12 if thecompany had beginning finished goods inventory of $13,600?
