Lasso Company expects to sell 1,670 units in January and 2,000 units in February. The company expects to incur the following product costs: Lasso Company Direct materials cost per unit Direct labor cost per unit Manufacturing overhead cost per unit Total projected manufacturing cost per unit $55.00 $71.00 $21.00 147 The beginning balance in Finished Goods Inventory is 220 units at $147 each for a total of $32,340. Lasso Company uses FIFO inventory costing method. Prepare the cost of goods sold budget for Lasso Company for January and February. Total Lasso Company Cost of Goods Sold Budget For the Two Months Ended February 28 January February Beginning Inventory Units produced and sold Total Budgeted Cost of Goods Sold