Young Company expects to sell 1 800 units in January and
Young Company expects to sell 1,800 units in January and 1,900 units in February. The company expects to incur the following product costs:
Direct materials cost per unit .......$ 45
Direct labor cost per unit ....... 64
Manufacturing overhead cost per unit ... 28
The beginning balance in Finished Goods Inventory is 260 units at $137 each for a total of $35,620. Young uses FIFO inventory costing method. Prepare the cost of goods sold budget for Young for January and February.
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