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Yogi Company expects to sell 1,600 units in January and 1,650 units in February. The company expects to incur the following product costs: E: (Click
Yogi Company expects to sell 1,600 units in January and 1,650 units in February. The company expects to incur the following product costs: E: (Click the icon to view the product costs.) The beginning balance in Finished Goods Inventory is 150 units at $158 each for a total of $23,700. Yogi uses FIFO inventory costing method. Prepare the cost of goods sold budget for Yogi for January and February. (Abbreviations used: VOH = variable manufacturing overhead; FOH = fixed manufacturing overhead.) Yogi Company Cost of Goods Sold Budget Two Months Ended January 31 and February 28 January February Beginning inventory 23700 260700 Units produced and sold in each month 260700 Total budgeted cost of goods sold 1 Data Table $ 50 Direct materials cost per unit Direct labor cost per unit Manufacturing overhead cost per unit 56 52 Print Done Help Me Solve This DemoDocs Example Get M
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