Yeaman Company expects to sell 1,500units in January and 1,700 units in February.The company expects to incur the following product costs:

Direct materials cost per unit	$85
Direct labor cost per unit	18
Manufacturing overhead cost per unit	30

The beginning balance in Finished Goods Inventory is 180 units at $133 each for a total of $23,940. Yeaman uses FIFO inventory costing method. Prepare the cost of goods sold budget for Yeaman for January and February.(Abbreviations used: VOH = variable manufacturing overhead; FOH = fixed manufacturing overhead.)

Yeaman 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 sold

and,

Jayson Company has the following projected costs for manufacturing and selling and administrative expenses:

	January	February	March
Direct materials purchases	$3,700	$3,500	$4,300
Direct labor costs	2,600	3,200	3,900
Depreciation on plant	600	600	600
Utilities for plant	650	650	650
Property taxes on plant	100	100	100
Depreciation on office	150	150	150
Utilities for office	510	510	510
Property taxes on office	190	190	190
Office salaries	4,500	4,500	4,500

Prepare a schedule of cash payments for Jayson for January, February, and March.Determine the balances in Prepaid PropertyTaxes, Accounts Payable, and Utilities Payable as of March 31. (If a box is not used in the table leave the box empty; do not enter azero.)

		January	February	March	Total
Cash Payments
Direct Materials:
Accounts Payable balance, January 1
JanuaryDirect material purchases paid in February
FebruaryDirect material purchases paid in March
Total payments for direct materials
Direct Labor:
Total payments for direct labor

Manufacturing Overhead:
Total payments for manufacturing overhead
Selling and Administrative Expenses:
Total payments for Selling and Admin. expenses
Total cash payments

Acccount balances, March 31:
Prepaid Property Taxes
Accounts Payable
Utilities Payable