QUESTION 22 Using Variable Costing, calculate the value of COGS for January: FACTS: Marty's Entrees produces frozen meals, which it sells for $9 each. The company uses the FIFO inventory costing method, and it computes a new monthly fixed manufacturing overhead rate based on the actual number of meals produced that month. All costs and production levels are exactly as planned. The following data are from Marty's Entrees' first two months in business: 18 Sales Production Variable manufacturing expense per meal. Sales commission expense per meal. Total fixed manufacturing overhead. Total fixed marketing and administrative expenses January 1,400 meals 2,000 meals $ 5 $ 1 $ 700 February 1,800 meals 1,400 meals $ 5 1 $ 700 8. $ $ 500 $ 500 $7,000 $7,490 $9,000 $9,810