Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....

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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 manufacturing overhead $ 10,000
Estimated variable manufacturing overhead per direct labor-hour$ 1.00
Estimated total direct labor-hours to be worked 2,000
Total actual manufacturing overhead costs incurred $ 12,500
Job P Direct materials $ 13,000. Job Q $ 8,000
Job P Direct labor cost $ 21,000 Job Q $ 7,500
Job P. Actual direct labor-hours worked Job Q. 1,400 500
1. Calculate the cost of goods sold using the indirectmethod.

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Cost of Good sold (for Job P)
Direct Material	$ 13,000
Direct labor cost	$ 21,000
Manufacturing overhead (1400*6)	$ 8,400
Unadjusted Cost of Good sold (for Job P)	$ 42,400
Add: underapplied overhead 12500-10900	$ 1,600
Adjusted Cost of Good sold	$ 44,000

Predetermined overhead rate
10000/2000+1	$ 6

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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 manufacturing overhead $ 10,000Estimated variable manufacturing overhead per direct labor-hour$ 1.00Estimated total direct labor-hours to be worked 2,000Total actual manufacturing overhead costs incurred $ 12,500Job P Direct materials $ 13,000. Job Q $ 8,000Job P Direct labor cost $ 21,000 Job Q $ 7,500 Job P. Actual direct labor-hours worked Job Q. 1,400 5001. Calculate the cost of goods sold using the indirectmethod.