#16

Yem Company expects to sell 1,500 units in January and 1,750 units in February. The company expects to incur the following product costs: (Click the icon to view the product costs.) The beginning balance in Finished Goods Inventory is 270 units at $101 each for a total of $27,270. Yem uses FIFO inventory costing method. Prepare the cost of goods sold budget for Yem for January and February. (Abbreviations used: VOH = variable manufacturing overhead; FOH = fixed manufacturing overhead.) . . . Yem Company Cost of Goods Sold Budget Two Months Ended January 31 and February 28 January February Units produced and sold in each month Total budgeted cost of goods soldYem Company expects to sell 1,500 units in January and 1,750 units in February. The company expects to incur the following product costs: (Click the icon to view the product costs.) The beginning balance in Finished Goods Inventory is 270 units at $101 each for a total of $27,270. Yem uses FIFO inventory costing method. Prepare the cost of goods sold budget for Yem f January and February. (Abbreviations used: VOH = variable manufacturing overhead; FOH = fixed manufacturing overhead.) . . . Yem Company Cost of Goods Sold Budget Two Months Ended January 31 and February 28 January February Beginning inventory $ 27,270 Units produced and sold in each month 97, 170 $ 176,750 124,440 176,750 Total budgeted cost of goods sold $