Yem Company expects to sell 2,050 units in January and 1,500 units in February.

Question

Yem Company expects to sell 2,050 units in January and 1,500 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 270 units at S134 each for a total of $36,180. 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 February Units produced and sold in each month Total budgeted cost of goods sold Data Table Direct materials cost per unit Direct labor cost per unit Manufacturing overhead cost per unit S 65 36

Explanation / Answer

Calculate budgeted cost of goods sold :

January February Sale units 2050 1500 cost per unit 134 134 Budgeted cost of goods sold 274700 201000

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