The Foundational 15 (Algo) [LO2-1, LO2-2, LO2-3, LO2-4] [he following information applies to the questions displayed below] Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventorles, It started. completed, and sold only two jobs during the year-Job P and Job Q. The company uses o piantwide predetermined overhead rote based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $26,200 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per machine-hour. Because Sweeten has two manufacturing departments-Moiding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetemined overhead rate with machine-hours a: the aliocation base. For questions. 9-15, assume that the company uses predetermined departmental overhead rates wit machine-hours as the allocation base in both departments. Foundational 2-8 (Algo) 8. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calculations.)