Reference no: EM131723424

Question - Adtack Company uses a job-order costing system and started the month of March with three jobs in process. The cost of beginning work in process plus the costs added during March are shown below:

                                                                Job #359      Job #360      Job #361

beginning work in process .....    $3,500        $6,300        $4,800

COSTS ADDED DURING MARCH

direct materials ..............    $4,600        $3,300        $4,900

direct labor ..................     3,000         4,000         5,000

Madtack applies overhead to jobs at a rate of 125% of direct labor cost. During March, Madtack completed and sold Job #360. Job #361 was also completed but was not sold by the end of March. Job #359 was not completed by the end of March.

Madtack's actual overhead cost for the month of March totaled $18,000.

Calculate Madtack's cost of goods manufactured for March. Do not use decimals in your answer.