Yem Company expects to sell 1,600 units in January and 1,850 units in February. The company...
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Yem Company expects to sell 1,600 units in January and 1,850 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 280 units at $86 each for a total of $24,080. 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 Units produced and sold in each month Total budgeted cost of goods sold Data table February Direct materials cost per unit $ 30 Direct labor cost per unit Manufacturing overhead cost per unit 24 32 Print Done Yem Company expects to sell 1,600 units in January and 1,850 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 280 units at $86 each for a total of $24,080. 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 Units produced and sold in each month Total budgeted cost of goods sold Data table February Direct materials cost per unit $ 30 Direct labor cost per unit Manufacturing overhead cost per unit 24 32 Print Done
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