Tancredi Corporation has two manufacturing departments--Machining and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MoldingCustomizingTotalEstimated total machine-hours (MHs) 5,000 5,000 10,000Estimated total fixed manufacturing overhead cost$22,000$11,500$33,500Estimated variable manufacturing overhead cost per MH$1.80$3.00 During the most recent month, the company started and completed two jobs--Job E and Job J. There were no beginning inventories. Data concerning those two jobs follow: Job EJob JDirect materials$12,800$7,000Direct labor cost$17,600$7,700Machining machine-hours 3,400 1,600Customizing machine-hours 2,000 3,000 Assume that the company uses a plantwide predetermined manufacturing
overhead rate based on machine-hours. If both jobs are sold during the month, the company's cost of goods sold for the month would be closest to:
A. $61,450
B. $110,808
C. $41,150
D. $102,600
Answer: D
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