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Yeaman Company expects to sell 1,750 units in January and 1,600 units in February. The company expects to incur the following product costs (Click the
Yeaman Company expects to sell 1,750 units in January and 1,600 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 230 units at $132 each for a total of $30,360. 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.) Data Table Yeaman Company Cost of Goods Sold Budget Two Months Ended January 31 and February 28 JanuaryFebrua Direct materials cost per unit Direct labor cost per unit Manufacturing overhead cost per unit $ 40 48 Beginning inventory Units produced and sold in each month Total budgeted cost of goods sold Print Done
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